FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) Trading Down 0.3% – Here’s What Happened

Shares of FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) dropped 0.3% on Tuesday . The company traded as low as $40.38 and last traded at $40.38. Approximately 201,299 shares changed hands during mid-day trading, an increase of 8% from the average daily volume of 186,749 shares. The stock had previously closed at $40.51.

FlexShares High Yield Value-Scored Bond Index Fund Stock Down 0.3 %

The company has a 50 day moving average price of $40.93 and a 200-day moving average price of $41.08.

Institutional Investors Weigh In On FlexShares High Yield Value-Scored Bond Index Fund

Hedge funds have recently made changes to their positions in the stock. Baird Financial Group Inc. boosted its holdings in shares of 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 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 fourth 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 during the last quarter. Lee Danner & Bass Inc. acquired a new stake in shares of FlexShares High Yield Value-Scored Bond Index Fund during the fourth quarter valued at about $102,000. Bank of New York Mellon Corp acquired a new stake in shares of FlexShares High Yield Value-Scored Bond Index Fund during the fourth quarter valued at about $7,773,000. Finally, Mount Lucas Management LP grew its holdings 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 purchasing an additional 1,560 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.