FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) Hits New 12-Month Low – Time to Sell?

FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $39.45 and last traded at $39.4550, with a volume of 9489 shares changing hands. The stock had previously closed at $39.63.

FlexShares High Yield Value-Scored Bond Index Fund Stock Performance

The firm has a 50-day moving average price of $39.94 and a 200-day moving average price of $40.10.

Institutional Investors Weigh In On FlexShares High Yield Value-Scored Bond Index Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. CoreCap Advisors LLC boosted its position in shares of FlexShares High Yield Value-Scored Bond Index Fund by 45.6% during the 2nd quarter. CoreCap Advisors LLC now owns 2,077 shares of the company’s stock valued at $84,000 after purchasing an additional 650 shares in the last quarter. Horizon Bancorp Inc. IN grew its stake in shares of FlexShares High Yield Value-Scored Bond Index Fund by 3.7% in the 1st quarter. Horizon Bancorp Inc. IN now owns 129,425 shares of the company’s stock worth $5,185,000 after purchasing an additional 4,634 shares during the last quarter. Finally, First United Bank & Trust grew its stake in shares of FlexShares High Yield Value-Scored Bond Index Fund by 2.3% in the 1st quarter. First United Bank & Trust now owns 107,078 shares of the company’s stock worth $4,290,000 after purchasing an additional 2,408 shares during the last quarter.

FlexShares High Yield Value-Scored Bond Index Fund Company Profile

The FlexShares High Yield Value-Scored Bond Index Fund (HYGV) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a proprietary fundamental-weighted index of USD-denominated high-yield corporate bonds selected based on value, credit, and liquidity. HYGV was launched on Jul 17, 2018 and is managed by FlexShares.