ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG) Shares Down 4.6% – Time to Sell?

ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG) dropped 4.6% during trading on Tuesday . The stock traded as low as $65.70 and last traded at $62.71. 12,817 shares traded hands during mid-day trading, a decline of 12% from the average session volume of 14,636 shares. The stock had previously closed at $65.70.

ProShares High Yield-Interest Rate Hedged ETF Trading Down 4.6 %

The business has a fifty day moving average price of $64.54 and a 200 day moving average price of $65.20.

ProShares High Yield-Interest Rate Hedged ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, March 7th. Shareholders of record on Monday, March 3rd were given a $0.373 dividend. This is a positive change from ProShares High Yield-Interest Rate Hedged ETF’s previous dividend of $0.37. The ex-dividend date of this dividend was Monday, March 3rd.

Institutional Investors Weigh In On ProShares High Yield-Interest Rate Hedged ETF

Several hedge funds have recently made changes to their positions in HYHG. Jane Street Group LLC lifted its position in shares of ProShares High Yield-Interest Rate Hedged ETF by 71.3% in the 3rd quarter. Jane Street Group LLC now owns 14,787 shares of the company’s stock worth $958,000 after acquiring an additional 6,154 shares during the period. Principal Securities Inc. lifted its stake in ProShares High Yield-Interest Rate Hedged ETF by 7.4% during the fourth quarter. Principal Securities Inc. now owns 10,860 shares of the company’s stock worth $712,000 after purchasing an additional 744 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in ProShares High Yield-Interest Rate Hedged ETF by 347.7% during the fourth quarter. Oppenheimer & Co. Inc. now owns 13,880 shares of the company’s stock valued at $910,000 after purchasing an additional 10,780 shares in the last quarter. Empirical Asset Management LLC raised its holdings in shares of ProShares High Yield-Interest Rate Hedged ETF by 13.9% in the 4th quarter. Empirical Asset Management LLC now owns 9,407 shares of the company’s stock worth $617,000 after buying an additional 1,146 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its stake in ProShares High Yield-Interest Rate Hedged ETF by 14.9% in the 4th quarter. Global Retirement Partners LLC now owns 9,961 shares of the company’s stock valued at $653,000 after buying an additional 1,294 shares in the last quarter.

ProShares High Yield-Interest Rate Hedged ETF Company Profile

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.