FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) Sees Large Volume Increase – Still a Buy?

FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) saw an uptick in trading volume on Wednesday. 152,572 shares traded hands during trading, an increase of 20% from the average daily volume of 127,307 shares. The stock last traded at $38.7950 and had previously closed at $38.77.

FlexShares High Yield Value-Scored Bond Index Fund Trading Down 0.2%

The business’s fifty day simple moving average is $39.26 and its 200-day simple moving average is $40.06.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC grew its stake in shares of FlexShares High Yield Value-Scored Bond Index Fund by 45.6% during the second 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 last quarter. Steph & Co. purchased a new stake in FlexShares High Yield Value-Scored Bond Index Fund during the 3rd quarter worth approximately $137,000. Finally, Park National Corp OH acquired a new position in shares of FlexShares High Yield Value-Scored Bond Index Fund in the third quarter valued at about $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.