FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) Sees Significant Growth in Short Interest

FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 112,555 shares, an increase of 135.7% from the September 15th total of 47,750 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily volume of 191,758 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of FlexShares High Yield Value-Scored Bond Index Fund

Large investors have recently added to or reduced their stakes in the company. CoreCap Advisors LLC raised its holdings 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 worth $84,000 after acquiring an additional 650 shares in the last quarter. First United Bank & Trust grew its holdings in shares of FlexShares High Yield Value-Scored Bond Index Fund by 2.3% in the first quarter. First United Bank & Trust now owns 107,078 shares of the company’s stock valued at $4,290,000 after purchasing an additional 2,408 shares in the last quarter. Steph & Co. purchased a new position in shares of FlexShares High Yield Value-Scored Bond Index Fund in the third quarter valued at $137,000. Horizon Bancorp Inc. IN grew its holdings in shares of FlexShares High Yield Value-Scored Bond Index Fund by 3.7% in the first quarter. Horizon Bancorp Inc. IN now owns 129,425 shares of the company’s stock valued at $5,185,000 after purchasing an additional 4,634 shares in the last quarter. Finally, Park National Corp OH bought a new stake in FlexShares High Yield Value-Scored Bond Index Fund in the third quarter worth $3,098,000.

FlexShares High Yield Value-Scored Bond Index Fund Stock Down 0.4%

Shares of HYGV stock opened at $38.51 on Thursday. FlexShares High Yield Value-Scored Bond Index Fund has a 12-month low of $38.35 and a 12-month high of $41.17. The stock’s 50-day moving average price is $39.59 and its 200-day moving average price is $39.97.

About FlexShares High Yield Value-Scored Bond Index Fund

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.