FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) saw a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 2,100 shares, a decline of 88.7% from the January 15th total of 18,600 shares. Based on an average daily trading volume, of 30,800 shares, the days-to-cover ratio is currently 0.1 days.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Horan Securities Inc. purchased a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund during the fourth quarter worth approximately $25,000. Flow Traders U.S. LLC purchased a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the third quarter valued at $915,000. Finally, Interactive Financial Advisors boosted its stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 21.1% in the third quarter. Interactive Financial Advisors now owns 27,626 shares of the company’s stock valued at $1,491,000 after purchasing an additional 4,810 shares during the period.
SKOR opened at $51.13 on Friday. FlexShares Credit-Scored US Corporate Bond Index Fund has a 52-week low of $50.90 and a 52-week high of $54.62. The company has a 50 day moving average of $52.31 and a two-hundred day moving average of $53.34.
The firm also recently disclosed a monthly dividend, which was paid on Monday, February 7th. Shareholders of record on Wednesday, February 2nd were paid a dividend of $0.082 per share. The ex-dividend date was Tuesday, February 1st. This represents a $0.98 annualized dividend and a yield of 1.92%.
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