FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Short Interest Down 26.8% in December

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 5,200 shares, a drop of 26.8% from the December 15th total of 7,100 shares. Based on an average daily volume of 43,800 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of FlexShares Credit-Scored US Corporate Bond Index Fund

Several hedge funds have recently modified their holdings of the company. Flow Traders U.S. LLC bought a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund in the third quarter worth $3,533,000. Horizon Bancorp Inc. IN grew its stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 18.2% in the 3rd quarter. Horizon Bancorp Inc. IN now owns 222,207 shares of the company’s stock worth $10,915,000 after buying an additional 34,148 shares in the last quarter. Harbour Trust & Investment Management Co raised its position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 1.8% during the 3rd quarter. Harbour Trust & Investment Management Co now owns 307,378 shares of the company’s stock valued at $15,098,000 after buying an additional 5,583 shares in the last quarter. Finally, JPMorgan Chase & Co. purchased a new position in FlexShares Credit-Scored US Corporate Bond Index Fund in the third quarter worth about $70,000.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Performance

NASDAQ SKOR traded up $0.09 on Thursday, reaching $47.77. The company had a trading volume of 45,500 shares, compared to its average volume of 51,040. The firm’s 50 day moving average price is $47.95 and its 200 day moving average price is $48.26. FlexShares Credit-Scored US Corporate Bond Index Fund has a 12 month low of $46.67 and a 12 month high of $49.26.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 20th were issued a dividend of $0.1991 per share. This represents a $2.39 annualized dividend and a yield of 5.00%. The ex-dividend date of this dividend was Friday, December 20th.

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.