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

FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 50,264 shares, a growth of 1,088.8% from the April 30th total of 4,228 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 129,786 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Horizon Bancorp Inc. IN raised its position in 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 worth $5,185,000 after acquiring an additional 4,634 shares in the last quarter. First United Bank & Trust raised its position in 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 worth $4,290,000 after acquiring an additional 2,408 shares in the last quarter. Olde Wealth Management LLC raised its position in FlexShares High Yield Value-Scored Bond Index Fund by 2.7% in the fourth quarter. Olde Wealth Management LLC now owns 174,362 shares of the company’s stock worth $7,102,000 after acquiring an additional 4,559 shares in the last quarter. 49 Wealth Management LLC raised its position in FlexShares High Yield Value-Scored Bond Index Fund by 20.7% in the fourth quarter. 49 Wealth Management LLC now owns 27,114 shares of the company’s stock worth $1,104,000 after acquiring an additional 4,650 shares in the last quarter. Finally, Transcend Capital Advisors LLC raised its position in FlexShares High Yield Value-Scored Bond Index Fund by 4.4% in the fourth quarter. Transcend Capital Advisors LLC now owns 15,796 shares of the company’s stock worth $643,000 after acquiring an additional 662 shares in the last quarter.

FlexShares High Yield Value-Scored Bond Index Fund Trading Down 0.1%

NYSEARCA:HYGV traded down $0.03 during trading hours on Wednesday, hitting $40.31. The company’s stock had a trading volume of 84,100 shares, compared to its average volume of 142,154. The business’s 50-day moving average is $40.21 and its two-hundred day moving average is $40.57. FlexShares High Yield Value-Scored Bond Index Fund has a 52-week low of $39.55 and a 52-week high of $41.32.

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.