FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV – Get Free Report) was the recipient of a large drop in short interest during 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. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 151,093 shares, the days-to-cover ratio is currently 0.5 days.
FlexShares High Yield Value-Scored Bond Index Fund Stock Performance
Shares of HYGV opened at $38.60 on Friday. FlexShares High Yield Value-Scored Bond Index Fund has a 12-month low of $38.35 and a 12-month high of $41.10. The company’s 50-day moving average price is $39.23 and its 200 day moving average price is $40.05.
Institutional Investors Weigh In On FlexShares High Yield Value-Scored Bond Index Fund
A number of institutional investors have recently made changes to their positions in HYGV. Park National Corp OH acquired a new position in shares of FlexShares High Yield Value-Scored Bond Index Fund in the 3rd quarter worth approximately $3,098,000. Steph & Co. purchased a new position in shares of FlexShares High Yield Value-Scored Bond Index Fund during the 3rd quarter worth approximately $137,000. Finally, CoreCap Advisors LLC boosted its position in shares of 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 purchasing an additional 650 shares during the period.
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.
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