FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) Sees Large Volume Increase – What’s Next?

FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) saw unusually-strong trading volume on Monday . Approximately 334,593 shares changed hands during mid-day trading, an increase of 71% from the previous session’s volume of 196,200 shares.The stock last traded at $40.68 and had previously closed at $40.58.

FlexShares High Yield Value-Scored Bond Index Fund Price Performance

The firm has a fifty day moving average of $40.92 and a 200 day moving average of $41.07.

Institutional Trading of FlexShares High Yield Value-Scored Bond Index Fund

Several institutional investors have recently added to or reduced their stakes in the stock. Baird Financial Group Inc. raised its stake in shares of FlexShares High Yield Value-Scored Bond Index Fund by 12.0% in the fourth quarter. Baird Financial Group Inc. now owns 19,266 shares of the company’s stock valued at $784,000 after acquiring an additional 2,058 shares in the last quarter. OLD Mission Capital LLC raised its position in FlexShares High Yield Value-Scored Bond Index Fund by 73.7% in the 4th quarter. OLD Mission Capital LLC now owns 122,924 shares of the company’s stock valued at $5,001,000 after purchasing an additional 52,146 shares in the last quarter. Lee Danner & Bass Inc. purchased a new position in shares of FlexShares High Yield Value-Scored Bond Index Fund in the 4th quarter valued at about $102,000. Bank of New York Mellon Corp acquired a new position in shares of FlexShares High Yield Value-Scored Bond Index Fund during the fourth quarter worth about $7,773,000. Finally, Mount Lucas Management LP increased its stake in shares of FlexShares High Yield Value-Scored Bond Index Fund by 3.6% during the fourth quarter. Mount Lucas Management LP now owns 44,889 shares of the company’s stock worth $1,826,000 after buying an additional 1,560 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.