FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) Hits New 1-Year Low – What’s Next?

FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV)’s share price reached a new 52-week low on Monday. The stock traded as low as $38.33 and last traded at $38.3270, with a volume of 79,537 shares. The stock had previously closed at $38.60.

FlexShares High Yield Value-Scored Bond Index Fund Stock Performance

The stock’s fifty day moving average is $39.23 and its 200-day moving average is $40.05.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in HYGV. CoreCap Advisors LLC grew its holdings in shares of FlexShares High Yield Value-Scored Bond Index Fund by 45.6% in the 2nd quarter. CoreCap Advisors LLC now owns 2,077 shares of the company’s stock valued at $84,000 after buying an additional 650 shares during the period. Steph & Co. acquired a new stake in FlexShares High Yield Value-Scored Bond Index Fund during the 3rd quarter worth $137,000. Finally, Park National Corp OH acquired a new stake in FlexShares High Yield Value-Scored Bond Index Fund during the 3rd quarter worth $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.