FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Short Interest Down 54.4% in November

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) saw a large decrease in short interest in November. As of November 30th, there was short interest totalling 10,400 shares, a decrease of 54.4% from the November 15th total of 22,800 shares. Based on an average daily trading volume, of 46,900 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SKOR. Flow Traders U.S. LLC bought a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the third quarter worth $3,533,000. Horizon Bancorp Inc. IN raised its holdings in FlexShares Credit-Scored US Corporate Bond Index Fund by 83.0% during the second quarter. Horizon Bancorp Inc. IN now owns 188,059 shares of the company’s stock worth $8,927,000 after acquiring an additional 85,288 shares in the last quarter. Finally, Harbour Trust & Investment Management Co boosted its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 1.1% during the second quarter. Harbour Trust & Investment Management Co now owns 301,795 shares of the company’s stock valued at $14,326,000 after purchasing an additional 3,345 shares during the last quarter.

FlexShares Credit-Scored US Corporate Bond Index Fund Trading Down 0.2 %

Shares of NASDAQ:SKOR opened at $48.12 on Friday. The business’s fifty day moving average price is $48.27 and its two-hundred day moving average price is $48.23. FlexShares Credit-Scored US Corporate Bond Index Fund has a fifty-two week low of $46.67 and a fifty-two week high of $49.26.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, December 6th. Investors of record on Monday, December 2nd were paid a dividend of $0.1945 per share. The ex-dividend date of this dividend was Monday, December 2nd.

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.