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

FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) shares saw unusually-high trading volume on Thursday . Approximately 107,108 shares traded hands during mid-day trading, a decline of 26% from the previous session’s volume of 145,201 shares.The stock last traded at $40.4350 and had previously closed at $40.41.

FlexShares High Yield Value-Scored Bond Index Fund Price Performance

The stock’s 50-day simple moving average is $40.30 and its 200 day simple moving average is $40.65.

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

Large investors have recently modified their holdings of the stock. First United Bank & Trust lifted its position in shares of FlexShares High Yield Value-Scored Bond Index Fund by 2.3% during the first quarter. First United Bank & Trust now owns 107,078 shares of the company’s stock worth $4,290,000 after purchasing an additional 2,408 shares in the last quarter. 49 Wealth Management LLC lifted its position in shares of FlexShares High Yield Value-Scored Bond Index Fund by 20.7% during the fourth quarter. 49 Wealth Management LLC now owns 27,114 shares of the company’s stock worth $1,104,000 after purchasing an additional 4,650 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of FlexShares High Yield Value-Scored Bond Index Fund by 300.6% during the third quarter. JPMorgan Chase & Co. now owns 4,839 shares of the company’s stock worth $199,000 after purchasing an additional 3,631 shares in the last quarter. Transcend Capital Advisors LLC lifted its position in shares of FlexShares High Yield Value-Scored Bond Index Fund by 4.4% during the fourth quarter. Transcend Capital Advisors LLC now owns 15,796 shares of the company’s stock worth $643,000 after purchasing an additional 662 shares in the last quarter. Finally, Park National Corp OH lifted its position in shares of FlexShares High Yield Value-Scored Bond Index Fund by 2.7% during the fourth quarter. Park National Corp OH now owns 106,395 shares of the company’s stock worth $4,334,000 after purchasing an additional 2,823 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.