FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) Sees Large Volume Increase – Here’s What Happened

Shares of FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) saw unusually-strong trading volume on Wednesday. Approximately 139,550 shares were traded during trading, an increase of 9% from the average daily volume of 128,210 shares. The stock last traded at $38.4850 and had previously closed at $38.47.

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

The stock has a fifty day moving average of $38.92 and a 200-day moving average of $39.94.

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

Several hedge funds have recently modified their holdings of the stock. Harbour Investments Inc. purchased a new position in FlexShares High Yield Value-Scored Bond Index Fund in the 3rd quarter worth about $81,000. Steph & Co. purchased a new stake in FlexShares High Yield Value-Scored Bond Index Fund during the third quarter valued at about $137,000. Park National Corp OH purchased a new stake in FlexShares High Yield Value-Scored Bond Index Fund during the third quarter valued at about $3,098,000. Finally, CoreCap Advisors LLC lifted its stake in FlexShares High Yield Value-Scored Bond Index Fund by 45.6% during the second quarter. CoreCap Advisors LLC now owns 2,077 shares of the company’s stock valued at $84,000 after buying an additional 650 shares in the last quarter.

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.