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

Shares of FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) saw an uptick in trading volume on Monday . 334,593 shares changed hands during 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 company’s 50-day simple moving average is $40.92 and its 200-day simple moving average is $41.07.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Horizon Bancorp Inc. IN boosted its stake in FlexShares High Yield Value-Scored Bond Index Fund by 3.2% during the 4th quarter. Horizon Bancorp Inc. IN now owns 116,864 shares of the company’s stock valued at $4,754,000 after purchasing an additional 3,593 shares during the last quarter. Steph & Co. raised its holdings in FlexShares High Yield Value-Scored Bond Index Fund by 6.0% during 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 period. First United Bank & Trust lifted its position in shares of FlexShares High Yield Value-Scored Bond Index Fund by 23.8% during the fourth quarter. First United Bank & Trust now owns 77,525 shares of the company’s stock worth $3,154,000 after acquiring an additional 14,895 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of FlexShares High Yield Value-Scored Bond Index Fund in the fourth quarter worth $7,773,000. Finally, Cullen Frost Bankers Inc. bought a new position in FlexShares High Yield Value-Scored Bond Index Fund in the 4th quarter worth about $76,000.

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.