FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) Sees Strong Trading Volume – Here’s What Happened

FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) saw unusually-strong trading volume on Tuesday . Approximately 1,040,894 shares were traded during mid-day trading, an increase of 504% from the previous session’s volume of 172,251 shares.The stock last traded at $41.15 and had previously closed at $41.10.

FlexShares High Yield Value-Scored Bond Index Fund Stock Up 0.1 %

The company’s fifty day simple moving average is $40.93 and its 200 day simple moving average is $41.12.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Cullen Frost Bankers Inc. bought a new stake in FlexShares High Yield Value-Scored Bond Index Fund during the fourth quarter valued at approximately $76,000. Lee Danner & Bass Inc. bought a new position in shares of FlexShares High Yield Value-Scored Bond Index Fund during the fourth quarter valued at about $102,000. Essex Savings Bank purchased a new position in shares of FlexShares High Yield Value-Scored Bond Index Fund in the third quarter worth about $207,000. Steph & Co. lifted its stake in shares of FlexShares High Yield Value-Scored Bond Index Fund by 6.0% in the 4th quarter. Steph & Co. now owns 11,774 shares of the company’s stock valued at $479,000 after acquiring an additional 662 shares during the last quarter. Finally, Baird Financial Group Inc. grew its position in FlexShares High Yield Value-Scored Bond Index Fund by 12.0% during the 4th quarter. Baird Financial Group Inc. now owns 19,266 shares of the company’s stock worth $784,000 after acquiring an additional 2,058 shares during the last quarter.

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.