FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR – Get Free Report) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 8,000 shares, an increase of 35.6% from the March 15th total of 5,900 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 67,800 shares, the short-interest ratio is presently 0.1 days.
FlexShares Credit-Scored US Corporate Bond Index Fund Stock Up 0.1 %
Shares of SKOR stock opened at $47.87 on Friday. The firm’s 50-day moving average is $48.03 and its two-hundred day moving average is $48.06. FlexShares Credit-Scored US Corporate Bond Index Fund has a 12 month low of $46.75 and a 12 month high of $49.26.
FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend
The company also recently declared a dividend, which was paid on Monday, April 7th. Stockholders of record on Tuesday, April 1st were given a dividend of $0.1988 per share. The ex-dividend date was Tuesday, April 1st. This is a positive change from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous dividend of $0.19.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Anderson Financial Strategies LLC purchased a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund in the fourth quarter valued at $8,934,000. Nations Financial Group Inc. IA ADV increased its position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 22.2% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 24,067 shares of the company’s stock worth $1,148,000 after purchasing an additional 4,365 shares during the last quarter. Finally, JPMorgan Chase & Co. purchased a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund in the 3rd quarter valued at about $70,000.
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.
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