FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Sees Large Drop in Short Interest

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 7,180 shares, a decline of 63.1% from the April 30th total of 19,463 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 54,902 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On FlexShares Credit-Scored US Corporate Bond Index Fund

Several institutional investors have recently modified their holdings of the company. Horizon Bancorp Inc. IN raised its stake in FlexShares Credit-Scored US Corporate Bond Index Fund by 6.4% during the 1st quarter. Horizon Bancorp Inc. IN now owns 179,879 shares of the company’s stock worth $8,746,000 after acquiring an additional 10,859 shares in the last quarter. Vantage Financial Partners LLC grew its stake in FlexShares Credit-Scored US Corporate Bond Index Fund by 17.9% during the 3rd quarter. Vantage Financial Partners LLC now owns 62,971 shares of the company’s stock worth $3,101,000 after buying an additional 9,562 shares during the last quarter. Fiduciary Alliance LLC acquired a new position in FlexShares Credit-Scored US Corporate Bond Index Fund during the first quarter worth approximately $442,000. Finally, Birchwood Financial Partners Inc. acquired a new position in FlexShares Credit-Scored US Corporate Bond Index Fund during the fourth quarter worth approximately $88,000.

FlexShares Credit-Scored US Corporate Bond Index Fund Price Performance

Shares of FlexShares Credit-Scored US Corporate Bond Index Fund stock traded down $0.29 during trading on Monday, hitting $48.33. 95,454 shares of the stock were exchanged, compared to its average volume of 68,140. The firm’s 50-day moving average price is $48.56 and its 200 day moving average price is $48.94. FlexShares Credit-Scored US Corporate Bond Index Fund has a 12-month low of $47.99 and a 12-month high of $49.53.

FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, June 5th. Stockholders of record on Monday, June 1st will be given a dividend of $0.1943 per share. This is an increase from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous monthly dividend of $0.19. The ex-dividend date of this dividend is Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 4.8%.

About FlexShares Credit-Scored US Corporate Bond Index Fund

The FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of intermediate-maturity, investment-grade corporate bonds that are selected and weighted by fundamental factors. SKOR was launched on Nov 12, 2014 and is managed by FlexShares.