FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) Sees Strong Trading Volume – What’s Next?

FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) saw an uptick in trading volume on Wednesday. Approximately 139,550 shares changed hands 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 Price Performance

The stock has a 50-day moving average price of $38.98 and a two-hundred day moving average price of $39.96.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in HYGV. CoreCap Advisors LLC grew its holdings in shares of 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 worth $84,000 after buying an additional 650 shares in the last quarter. Harbour Investments Inc. purchased a new stake in FlexShares High Yield Value-Scored Bond Index Fund during the 3rd quarter valued at about $81,000. Steph & Co. purchased a new stake in FlexShares High Yield Value-Scored Bond Index Fund during the 3rd quarter valued at about $137,000. Finally, Park National Corp OH acquired a new stake in FlexShares High Yield Value-Scored Bond Index Fund in the 3rd quarter valued at about $3,098,000.

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.