FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV – Get Free Report) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 69,640 shares, a drop of 38.1% from the September 30th total of 112,555 shares. Based on an average daily trading volume, of 151,093 shares, the short-interest ratio is currently 0.5 days. Currently, 0.3% of the company’s shares are short sold.
Hedge Funds Weigh In On FlexShares High Yield Value-Scored Bond Index Fund
Hedge funds have recently bought and sold shares of the company. Steph & Co. purchased a new position in FlexShares High Yield Value-Scored Bond Index Fund during the 3rd quarter valued at about $137,000. Park National Corp OH purchased a new stake in FlexShares High Yield Value-Scored Bond Index Fund during the 3rd quarter worth approximately $3,098,000. Finally, CoreCap Advisors LLC lifted its holdings in FlexShares High Yield Value-Scored Bond Index Fund by 45.6% during the 2nd quarter. CoreCap Advisors LLC now owns 2,077 shares of the company’s stock worth $84,000 after buying an additional 650 shares in the last quarter.
FlexShares High Yield Value-Scored Bond Index Fund Stock Down 0.2%
Shares of NYSEARCA HYGV opened at $38.60 on Friday. FlexShares High Yield Value-Scored Bond Index Fund has a twelve month low of $38.35 and a twelve month high of $41.10. The stock has a fifty day simple moving average of $39.23 and a 200-day simple moving average of $40.05.
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.
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