FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) Sees Large Volume Increase

FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) saw unusually-high trading volume on Monday . Approximately 644,542 shares traded hands during trading, an increase of 168% from the previous session’s volume of 240,554 shares.The stock last traded at $40.61 and had previously closed at $40.53.

FlexShares High Yield Value-Scored Bond Index Fund Stock Performance

The firm’s 50-day simple moving average is $40.65 and its 200-day simple moving average is $40.42.

Institutional Trading of FlexShares High Yield Value-Scored Bond Index Fund

Several institutional investors have recently added to or reduced their stakes in HYGV. Horizon Bancorp Inc. IN grew its stake in shares of FlexShares High Yield Value-Scored Bond Index Fund by 10.3% in the first quarter. Horizon Bancorp Inc. IN now owns 98,489 shares of the company’s stock worth $4,049,000 after purchasing an additional 9,184 shares during the last quarter. Fifth Third Securities Inc. grew its stake in shares of FlexShares High Yield Value-Scored Bond Index Fund by 45.2% in the first quarter. Fifth Third Securities Inc. now owns 69,166 shares of the company’s stock worth $2,843,000 after purchasing an additional 21,523 shares during the last quarter. Financial Network Wealth Management LLC grew its stake in shares of FlexShares High Yield Value-Scored Bond Index Fund by 3.2% in the fourth quarter. Financial Network Wealth Management LLC now owns 56,585 shares of the company’s stock worth $2,312,000 after purchasing an additional 1,734 shares during the last quarter. First United Bank & Trust grew its stake in shares of FlexShares High Yield Value-Scored Bond Index Fund by 334.1% in the fourth quarter. First United Bank & Trust now owns 22,301 shares of the company’s stock worth $911,000 after purchasing an additional 17,164 shares during the last quarter. Finally, Advisors Preferred LLC bought a new stake in shares of FlexShares High Yield Value-Scored Bond Index Fund in the third quarter worth about $376,000.

FlexShares High Yield Value-Scored Bond Index Fund Company Profile

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.