ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG) Trading Down 0.2% – Here’s Why

ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHGGet Free Report) shares fell 0.2% during trading on Monday . The stock traded as low as $64.34 and last traded at $64.70. Approximately 52,874 shares traded hands during trading, an increase of 246% from the average session volume of 15,261 shares. The stock had previously closed at $64.84.

ProShares High Yield-Interest Rate Hedged ETF Stock Down 0.2%

The stock has a 50 day moving average price of $64.76 and a two-hundred day moving average price of $64.56.

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

Several institutional investors have recently bought and sold shares of HYHG. Anchor Investment Management LLC purchased a new stake in ProShares High Yield-Interest Rate Hedged ETF during the fourth quarter worth about $32,000. Clearstead Advisors LLC purchased a new position in shares of ProShares High Yield-Interest Rate Hedged ETF in the fourth quarter valued at approximately $33,000. Steward Partners Investment Advisory LLC purchased a new position in shares of ProShares High Yield-Interest Rate Hedged ETF in the fourth quarter valued at approximately $69,000. NewEdge Advisors LLC boosted its stake in shares of ProShares High Yield-Interest Rate Hedged ETF by 344.4% in the first quarter. NewEdge Advisors LLC now owns 1,111 shares of the company’s stock valued at $71,000 after purchasing an additional 861 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of ProShares High Yield-Interest Rate Hedged ETF in the second quarter valued at approximately $188,000.

ProShares High Yield-Interest Rate Hedged ETF Company Profile

(Get Free Report)

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.

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