FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV – Get Free Report) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 69,640 shares, a decrease of 38.1% from the September 30th total of 112,555 shares. Based on an average trading volume of 151,093 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.3% of the shares of the stock are sold short.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Steph & Co. purchased a new stake in shares of FlexShares High Yield Value-Scored Bond Index Fund in the third quarter worth about $137,000. Park National Corp OH bought a new position in FlexShares High Yield Value-Scored Bond Index Fund during the third quarter valued at approximately $3,098,000. Finally, CoreCap Advisors LLC boosted its stake in 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.
FlexShares High Yield Value-Scored Bond Index Fund Stock Performance
HYGV traded down $0.01 during trading on Tuesday, hitting $38.28. 80,884 shares of the company traded hands, compared to its average volume of 128,227. The stock’s 50-day simple moving average is $39.19 and its two-hundred day simple moving average is $40.04. FlexShares High Yield Value-Scored Bond Index Fund has a 1 year low of $38.24 and a 1 year high of $41.10.
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.
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