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

FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 71,659 shares, an increase of 67.1% from the August 15th total of 42,873 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average trading volume of 75,774 shares, the short-interest ratio is presently 0.9 days.

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 stock. CoreCap Advisors LLC increased its stake 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 during the period. Horizon Bancorp Inc. IN increased its position in shares of FlexShares High Yield Value-Scored Bond Index Fund by 3.7% in the 1st quarter. Horizon Bancorp Inc. IN now owns 129,425 shares of the company’s stock valued at $5,185,000 after purchasing an additional 4,634 shares during the last quarter. Finally, First United Bank & Trust raised its holdings in shares of 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 valued at $4,290,000 after purchasing an additional 2,408 shares in the last quarter.

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

NYSEARCA:HYGV opened at $39.53 on Thursday. FlexShares High Yield Value-Scored Bond Index Fund has a 12-month low of $39.47 and a 12-month high of $41.32. The stock has a fifty day moving average price of $40.01 and a 200 day moving average price of $40.14.

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.