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

Shares of FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) saw strong trading volume on Monday . 334,593 shares traded hands during trading, an increase of 71% from the previous session’s volume of 196,200 shares.The stock last traded at $40.68 and had previously closed at $40.58.

FlexShares High Yield Value-Scored Bond Index Fund Price Performance

The business has a fifty day simple moving average of $40.92 and a two-hundred day simple moving average of $41.07.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp purchased a new stake in shares of FlexShares High Yield Value-Scored Bond Index Fund in the fourth quarter worth about $7,773,000. OLD Mission Capital LLC raised its holdings in shares of FlexShares High Yield Value-Scored Bond Index Fund by 73.7% in the fourth quarter. OLD Mission Capital LLC now owns 122,924 shares of the company’s stock worth $5,001,000 after buying an additional 52,146 shares during the period. Horizon Bancorp Inc. IN lifted its stake in shares of FlexShares High Yield Value-Scored Bond Index Fund by 3.2% during the 4th quarter. Horizon Bancorp Inc. IN now owns 116,864 shares of the company’s stock worth $4,754,000 after acquiring an additional 3,593 shares during the last quarter. First United Bank & Trust grew its position in FlexShares High Yield Value-Scored Bond Index Fund by 23.8% in the 4th quarter. First United Bank & Trust now owns 77,525 shares of the company’s stock valued at $3,154,000 after acquiring an additional 14,895 shares during the last quarter. Finally, Mount Lucas Management LP boosted its stake in shares of FlexShares High Yield Value-Scored Bond Index Fund by 3.6% during the fourth quarter. Mount Lucas Management LP now owns 44,889 shares of the company’s stock valued at $1,826,000 after purchasing an additional 1,560 shares during the period.

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.