FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) Sets New 52-Week Low – Time to Sell?

FlexShares High Yield Value-Scored Bond Index Fund (NYSEARCA:HYGV) shares reached a new 52-week low during trading on Monday. The company traded as low as $38.33 and last traded at $38.3270, with a volume of 79,537 shares traded. The stock had previously closed at $38.60.

FlexShares High Yield Value-Scored Bond Index Fund Trading Down 0.8%

The firm’s 50-day simple moving average is $39.23 and its 200 day simple moving average is $40.05.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HYGV. CoreCap Advisors LLC increased its holdings in FlexShares High Yield Value-Scored Bond Index Fund by 45.6% in the second quarter. CoreCap Advisors LLC now owns 2,077 shares of the company’s stock valued at $84,000 after purchasing an additional 650 shares during the last quarter. Steph & Co. bought a new position in FlexShares High Yield Value-Scored Bond Index Fund during the third quarter worth about $137,000. Finally, Park National Corp OH acquired a new position in shares of FlexShares High Yield Value-Scored Bond Index Fund during the 3rd quarter worth about $3,098,000.

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.