Short Interest in FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Drops By 92.8%

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) was the target of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 22,800 shares, a decline of 92.8% from the October 31st total of 315,600 shares. Based on an average trading volume of 48,300 shares, the days-to-cover ratio is presently 0.5 days.

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

Shares of NASDAQ:SKOR traded up $0.09 during trading on Thursday, hitting $48.30. 20,994 shares of the company were exchanged, compared to its average volume of 38,284. FlexShares Credit-Scored US Corporate Bond Index Fund has a 52-week low of $46.67 and a 52-week high of $49.26. The stock has a 50 day moving average of $48.46 and a 200 day moving average of $48.16.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, November 7th. Investors of record on Friday, November 1st were issued a dividend of $0.2005 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.41 dividend on an annualized basis and a yield of 4.98%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Harbour Trust & Investment Management Co increased its position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 1.8% during the third 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 during the period. Horizon Bancorp Inc. IN grew its stake in FlexShares Credit-Scored US Corporate Bond Index Fund by 18.2% during the third quarter. Horizon Bancorp Inc. IN now owns 222,207 shares of the company’s stock valued at $10,915,000 after acquiring an additional 34,148 shares in the last quarter. Flow Traders U.S. LLC bought a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund during the 3rd quarter worth approximately $3,533,000. Finally, Gleason Group Inc. bought a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund during the 2nd quarter worth approximately $66,000.

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.