The Manufacturers Life Insurance Company acquired a new stake in shares of ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 35,400 shares of the company’s stock, valued at approximately $2,297,000.
Other hedge funds have also bought and sold shares of the company. Larry Mathis Financial Planning LLC bought a new stake in shares of ProShares High Yield-Interest Rate Hedged ETF in the 4th quarter worth about $5,543,000. Integrity Alliance LLC. bought a new position in ProShares High Yield-Interest Rate Hedged ETF during the 4th quarter valued at about $533,000. Alta Fundamental Advisers LLC bought a new position in ProShares High Yield-Interest Rate Hedged ETF during the 4th quarter valued at about $3,128,000. Claro Advisors Inc. grew its holdings in ProShares High Yield-Interest Rate Hedged ETF by 49.0% during the 4th quarter. Claro Advisors Inc. now owns 12,536 shares of the company’s stock valued at $807,000 after purchasing an additional 4,125 shares during the last quarter. Finally, HighTower Advisors LLC raised its position in ProShares High Yield-Interest Rate Hedged ETF by 3.6% in the 4th quarter. HighTower Advisors LLC now owns 10,499 shares of the company’s stock worth $676,000 after purchasing an additional 366 shares during the period.
ProShares High Yield-Interest Rate Hedged ETF Price Performance
Shares of BATS HYHG opened at $64.91 on Monday. ProShares High Yield-Interest Rate Hedged ETF has a 1 year low of $63.00 and a 1 year high of $66.34. The firm has a 50-day simple moving average of $64.71 and a two-hundred day simple moving average of $64.54.
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.
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