FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) Sets New 1-Year Low – Here’s What Happened

FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock 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 Down 0.7%

The firm has a 50 day moving average of $39.98 and a 200-day moving average of $40.11.

Hedge Funds Weigh In On FlexShares High Yield Value-Scored Bond Index Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. CoreCap Advisors LLC lifted its stake in FlexShares High Yield Value-Scored Bond Index Fund by 45.6% in the second quarter. CoreCap Advisors LLC now owns 2,077 shares of the company’s stock worth $84,000 after acquiring an additional 650 shares during the period. First United Bank & Trust raised its stake 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 buying an additional 2,408 shares in the last quarter. Finally, Horizon Bancorp Inc. IN boosted its position in FlexShares High Yield Value-Scored Bond Index Fund by 3.7% during the 1st quarter. Horizon Bancorp Inc. IN now owns 129,425 shares of the company’s stock valued at $5,185,000 after acquiring an additional 4,634 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.