Short Interest in ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG) Grows By 1,198.1%

ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 30,635 shares, an increase of 1,198.1% from the April 15th total of 2,360 shares. Based on an average daily volume of 20,063 shares, the days-to-cover ratio is currently 1.5 days. Currently, 1.2% of the shares of the company are short sold.

Hedge Funds Weigh In On ProShares High Yield-Interest Rate Hedged ETF

A number of large investors have recently bought and sold shares of HYHG. Royal Bank of Canada raised its position in ProShares High Yield-Interest Rate Hedged ETF by 2.2% during the 1st quarter. Royal Bank of Canada now owns 8,666 shares of the company’s stock worth $555,000 after buying an additional 190 shares during the last quarter. NewEdge Advisors LLC raised its position in ProShares High Yield-Interest Rate Hedged ETF by 344.4% during the 1st quarter. NewEdge Advisors LLC now owns 1,111 shares of the company’s stock worth $71,000 after buying an additional 861 shares during the last quarter. Goldman Sachs Group Inc. raised its position in ProShares High Yield-Interest Rate Hedged ETF by 79.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 34,895 shares of the company’s stock worth $2,235,000 after buying an additional 15,459 shares during the last quarter. Jane Street Group LLC raised its position in ProShares High Yield-Interest Rate Hedged ETF by 559.5% during the 1st quarter. Jane Street Group LLC now owns 43,252 shares of the company’s stock worth $2,770,000 after buying an additional 36,694 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in ProShares High Yield-Interest Rate Hedged ETF during the 2nd quarter worth $188,000.

ProShares High Yield-Interest Rate Hedged ETF Stock Performance

HYHG stock opened at $64.68 on Tuesday. The company has a fifty day moving average price of $64.20 and a 200 day moving average price of $64.37. ProShares High Yield-Interest Rate Hedged ETF has a 12 month low of $63.00 and a 12 month high of $66.34.

About ProShares High Yield-Interest Rate Hedged ETF

The ProShares High Yield—Interest Rate Hedged (HYHG) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market-value-weighted index that goes long high-yield USD debt from US and Canadian issuers and shorts a duration-matched combination of 2-, 5- and 10-year US Treasurys. HYHG was launched on May 21, 2013 and is managed by ProShares.