FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) Sees Strong Trading Volume – Should You Buy?

FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) saw strong trading volume on Monday . 67,498 shares changed hands during mid-day trading, a decline of 38% from the previous session’s volume of 109,448 shares.The stock last traded at $40.51 and had previously closed at $40.60.

FlexShares High Yield Value-Scored Bond Index Fund Stock Performance

The firm has a 50 day simple moving average of $41.04 and a 200-day simple moving average of $41.02.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Horizon Bancorp Inc. IN lifted its stake in FlexShares High Yield Value-Scored Bond Index Fund by 51.3% during the third quarter. Horizon Bancorp Inc. IN now owns 113,271 shares of the company’s stock worth $4,719,000 after purchasing an additional 38,387 shares in the last quarter. First United Bank & Trust lifted its stake in FlexShares High Yield Value-Scored Bond Index Fund by 9.0% during the 3rd quarter. First United Bank & Trust now owns 62,630 shares of the company’s stock worth $2,609,000 after acquiring an additional 5,157 shares in the last quarter. Essex Savings Bank purchased a new position in FlexShares High Yield Value-Scored Bond Index Fund during the 3rd quarter valued at about $207,000. Clear Point Advisors Inc. boosted its holdings in FlexShares High Yield Value-Scored Bond Index Fund by 15.8% during the 2nd quarter. Clear Point Advisors Inc. now owns 15,326 shares of the company’s stock valued at $619,000 after acquiring an additional 2,086 shares during the period. Finally, Mount Lucas Management LP grew its position in FlexShares High Yield Value-Scored Bond Index Fund by 4.7% in the 3rd quarter. Mount Lucas Management LP now owns 43,329 shares of the company’s stock valued at $1,805,000 after acquiring an additional 1,930 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.