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 were traded 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 Price Performance

The firm’s fifty day moving average price is $41.05 and its 200 day moving average price is $41.02.

Hedge Funds Weigh In On FlexShares High Yield Value-Scored Bond Index Fund

Several hedge funds have recently modified their holdings of HYGV. Essex Savings Bank purchased a new position in shares of FlexShares High Yield Value-Scored Bond Index Fund in the third quarter worth $207,000. Clear Point Advisors Inc. raised its stake in FlexShares High Yield Value-Scored Bond Index Fund by 15.8% during the second quarter. Clear Point Advisors Inc. now owns 15,326 shares of the company’s stock valued at $619,000 after purchasing an additional 2,086 shares in the last quarter. Mount Lucas Management LP raised its stake in FlexShares High Yield Value-Scored Bond Index Fund by 4.7% during the third quarter. Mount Lucas Management LP now owns 43,329 shares of the company’s stock valued at $1,805,000 after purchasing an additional 1,930 shares in the last quarter. First United Bank & Trust raised its stake in FlexShares High Yield Value-Scored Bond Index Fund by 9.0% during the third quarter. First United Bank & Trust now owns 62,630 shares of the company’s stock valued at $2,609,000 after purchasing an additional 5,157 shares in the last quarter. Finally, Horizon Bancorp Inc. IN raised 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 valued at $4,719,000 after purchasing an additional 38,387 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.