FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) Sees Large Drop in Short Interest

FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) was the target of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 15,400 shares, a decline of 48.0% from the August 31st total of 29,600 shares. Based on an average daily volume of 104,400 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 104,400 shares, the days-to-cover ratio is presently 0.1 days.

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

Several institutional investors have recently bought and sold shares of HYGV. JPMorgan Chase & Co. lifted its stake in FlexShares High Yield Value-Scored Bond Index Fund by 4,374.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,208 shares of the company’s stock valued at $50,000 after acquiring an additional 1,181 shares in the last quarter. Rock Creek Group LP bought a new stake in FlexShares High Yield Value-Scored Bond Index Fund in the 2nd quarter valued at approximately $319,000. RVW Wealth LLC lifted its stake in FlexShares High Yield Value-Scored Bond Index Fund by 3.2% in the 2nd quarter. RVW Wealth LLC now owns 8,887 shares of the company’s stock valued at $365,000 after acquiring an additional 273 shares in the last quarter. Transcend Capital Advisors LLC bought a new stake in FlexShares High Yield Value-Scored Bond Index Fund in the 1st quarter valued at approximately $541,000. Finally, Steph & Co. lifted its stake in FlexShares High Yield Value-Scored Bond Index Fund by 30.1% in the 2nd quarter. Steph & Co. now owns 13,408 shares of the company’s stock valued at $550,000 after acquiring an additional 3,104 shares in the last quarter.

FlexShares High Yield Value-Scored Bond Index Fund Stock Performance

NYSEARCA HYGV opened at $40.97 on Monday. The stock’s 50 day moving average price is $40.95 and its two-hundred day moving average price is $40.45. FlexShares High Yield Value-Scored Bond Index Fund has a 52 week low of $38.01 and a 52 week high of $41.51.

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.