FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) Sees Strong Trading Volume – Time to Buy?

Shares of FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) saw strong trading volume on Tuesday . 815,050 shares traded hands during trading, an increase of 349% from the previous session’s volume of 181,544 shares.The stock last traded at $41.27 and had previously closed at $41.38.

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

The stock has a 50 day simple moving average of $41.26 and a 200-day simple moving average of $40.90.

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

Institutional investors have recently added to or reduced their stakes in the company. Mount Lucas Management LP boosted its holdings in shares of FlexShares High Yield Value-Scored Bond Index Fund by 4.7% in 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 period. Essex Savings Bank bought a new stake in shares of FlexShares High Yield Value-Scored Bond Index Fund during the third quarter worth $207,000. Horizon Bancorp Inc. IN boosted its stake in shares of 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 during the period. First United Bank & Trust grew its holdings in shares of FlexShares High Yield Value-Scored Bond Index Fund by 9.0% in the third quarter. First United Bank & Trust now owns 62,630 shares of the company’s stock worth $2,609,000 after purchasing an additional 5,157 shares during the last quarter. Finally, Clear Point Advisors Inc. increased its stake in FlexShares High Yield Value-Scored Bond Index Fund by 15.8% in the 2nd quarter. Clear Point Advisors Inc. now owns 15,326 shares of the company’s stock worth $619,000 after buying an additional 2,086 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.