FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV – Get Free Report) saw 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. Based on an average daily trading volume, of 75,774 shares, the short-interest ratio is currently 0.9 days. Approximately 0.3% of the company’s stock are sold short.
FlexShares High Yield Value-Scored Bond Index Fund Stock Up 0.1%
NYSEARCA:HYGV opened at $39.53 on Thursday. FlexShares High Yield Value-Scored Bond Index Fund has a 1 year low of $39.47 and a 1 year high of $41.32. The stock has a 50-day simple moving average of $40.01 and a 200-day simple moving average of $40.14.
Hedge Funds Weigh In On FlexShares High Yield Value-Scored Bond Index Fund
A number of hedge funds have recently modified their holdings of HYGV. Horizon Bancorp Inc. IN boosted its stake in FlexShares High Yield Value-Scored Bond Index Fund by 3.7% during the 1st quarter. Horizon Bancorp Inc. IN now owns 129,425 shares of the company’s stock worth $5,185,000 after purchasing an additional 4,634 shares during the period. First United Bank & Trust increased its stake in FlexShares High Yield Value-Scored Bond Index Fund by 2.3% in the first 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 during the period. Finally, CoreCap Advisors LLC increased its stake in FlexShares High Yield Value-Scored Bond Index Fund by 45.6% in the second quarter. CoreCap Advisors LLC now owns 2,077 shares of the company’s stock valued at $84,000 after purchasing an additional 650 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.
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