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

FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 10,050 shares, a decrease of 80.0% from the May 14th total of 50,264 shares. Based on an average daily trading volume, of 110,972 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

FlexShares High Yield Value-Scored Bond Index Fund Stock Down 0.2%

HYGV stock traded down $0.08 during midday trading on Wednesday, reaching $39.98. The company had a trading volume of 91,791 shares, compared to its average volume of 139,529. FlexShares High Yield Value-Scored Bond Index Fund has a 1 year low of $39.55 and a 1 year high of $41.32. The company has a 50 day moving average of $40.25 and a two-hundred day moving average of $40.54.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Transcend Capital Advisors LLC lifted its position in FlexShares High Yield Value-Scored Bond Index Fund by 4.4% in the 4th quarter. Transcend Capital Advisors LLC now owns 15,796 shares of the company’s stock worth $643,000 after buying an additional 662 shares in the last quarter. JPMorgan Chase & Co. lifted its position in FlexShares High Yield Value-Scored Bond Index Fund by 4,374.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,208 shares of the company’s stock worth $50,000 after buying an additional 1,181 shares in the last quarter. Mount Lucas Management LP lifted its position in FlexShares High Yield Value-Scored Bond Index Fund by 4.6% in the 3rd quarter. Mount Lucas Management LP now owns 46,606 shares of the company’s stock worth $1,920,000 after buying an additional 2,042 shares in the last quarter. First United Bank & Trust lifted its position in FlexShares High Yield Value-Scored Bond Index Fund by 2.3% in the 1st 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, Baird Financial Group Inc. lifted its position in FlexShares High Yield Value-Scored Bond Index Fund by 12.0% in the 2nd quarter. Baird Financial Group Inc. now owns 22,851 shares of the company’s stock worth $938,000 after buying an additional 2,457 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.