FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Sees Unusually-High Trading Volume – Time to Buy?

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) shares saw unusually-high trading volume on Monday . Approximately 70,910 shares traded hands during mid-day trading, an increase of 4% from the previous session’s volume of 68,415 shares.The stock last traded at $48.33 and had previously closed at $48.42.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Performance

The company has a 50 day moving average price of $48.51 and a 200 day moving average price of $48.84.

FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, June 5th. Shareholders of record on Monday, June 1st were issued a dividend of $0.1943 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) annualized dividend and a yield of 4.8%. This is a positive change from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous monthly dividend of $0.19.

Hedge Funds Weigh In On FlexShares Credit-Scored US Corporate Bond Index Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Horizon Bancorp Inc. IN raised its holdings in FlexShares Credit-Scored US Corporate Bond Index Fund by 6.4% in the 1st quarter. Horizon Bancorp Inc. IN now owns 179,879 shares of the company’s stock valued at $8,746,000 after acquiring an additional 10,859 shares during the period. Fiduciary Alliance LLC bought a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the first quarter worth approximately $442,000. Vantage Financial Partners LLC boosted its holdings in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 13.4% during the fourth quarter. Vantage Financial Partners LLC now owns 71,399 shares of the company’s stock worth $3,507,000 after acquiring an additional 8,428 shares during the period. Finally, Birchwood Financial Partners Inc. acquired a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the fourth quarter valued at approximately $88,000.

FlexShares Credit-Scored US Corporate Bond Index Fund Company Profile

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.