FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) Shares Down 0.7% – Should You Sell?

Shares of FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) were down 0.7% on Monday . The company traded as low as $40.68 and last traded at $40.88. Approximately 393,835 shares traded hands during trading, an increase of 139% from the average daily volume of 165,087 shares. The stock had previously closed at $41.17.

FlexShares High Yield Value-Scored Bond Index Fund Stock Down 0.7 %

The company’s fifty day moving average is $41.01 and its two-hundred day moving average is $41.08.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. First United Bank & Trust boosted its position in shares of FlexShares High Yield Value-Scored Bond Index Fund by 23.8% in the 4th quarter. First United Bank & Trust now owns 77,525 shares of the company’s stock valued at $3,154,000 after purchasing an additional 14,895 shares during the period. Steph & Co. grew its position in shares of FlexShares High Yield Value-Scored Bond Index Fund by 6.0% during the fourth quarter. Steph & Co. now owns 11,774 shares of the company’s stock worth $479,000 after acquiring an additional 662 shares during the last quarter. Horizon Bancorp Inc. IN raised its position in FlexShares High Yield Value-Scored Bond Index Fund by 3.2% in the 4th quarter. Horizon Bancorp Inc. IN now owns 116,864 shares of the company’s stock valued at $4,754,000 after purchasing an additional 3,593 shares during the last quarter. Mount Lucas Management LP grew its position in FlexShares High Yield Value-Scored Bond Index Fund by 4.7% during the 3rd quarter. Mount Lucas Management LP now owns 43,329 shares of the company’s stock worth $1,805,000 after purchasing an additional 1,930 shares during the last quarter. Finally, Essex Savings Bank acquired a new position in FlexShares High Yield Value-Scored Bond Index Fund in the third quarter valued at $207,000.

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.