Short Interest in ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG) Expands By 129.5%

ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 102,755 shares, an increase of 129.5% from the July 15th total of 44,778 shares. Approximately 4.1% of the shares of the company are short sold. Based on an average trading volume of 28,633 shares, the days-to-cover ratio is currently 3.6 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HYHG. Larry Mathis Financial Planning LLC grew its position in shares of ProShares High Yield-Interest Rate Hedged ETF by 0.3% during the 1st quarter. Larry Mathis Financial Planning LLC now owns 86,357 shares of the company’s stock valued at $5,503,000 after buying an additional 280 shares during the last quarter. MML Investors Services LLC raised its stake in ProShares High Yield-Interest Rate Hedged ETF by 16.9% during the fourth quarter. MML Investors Services LLC now owns 71,687 shares of the company’s stock worth $4,617,000 after acquiring an additional 10,366 shares during the period. Alta Fundamental Advisers LLC bought a new position in ProShares High Yield-Interest Rate Hedged ETF in the fourth quarter worth about $3,128,000. Jane Street Group LLC boosted its stake in ProShares High Yield-Interest Rate Hedged ETF by 559.5% in the first quarter. Jane Street Group LLC now owns 43,252 shares of the company’s stock valued at $2,770,000 after acquiring an additional 36,694 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in ProShares High Yield-Interest Rate Hedged ETF by 79.5% in the first quarter. Goldman Sachs Group Inc. now owns 34,895 shares of the company’s stock valued at $2,235,000 after acquiring an additional 15,459 shares during the period.

ProShares High Yield-Interest Rate Hedged ETF Stock Performance

HYHG traded down $0.01 during trading hours on Friday, hitting $64.71. 5,906 shares of the stock were exchanged, compared to its average volume of 16,164. The stock has a 50-day simple moving average of $64.74 and a 200-day simple moving average of $64.55. 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.