Synergy Asset Management LLC Takes $7.53 Million Position in ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG)

Synergy Asset Management LLC purchased a new position in shares of ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 117,787 shares of the company’s stock, valued at approximately $7,529,000. ProShares High Yield-Interest Rate Hedged ETF accounts for approximately 1.3% of Synergy Asset Management LLC’s investment portfolio, making the stock its 20th biggest position. Synergy Asset Management LLC owned 6.04% of ProShares High Yield-Interest Rate Hedged ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HYHG. Global Retirement Partners LLC purchased a new position in ProShares High Yield-Interest Rate Hedged ETF in the 4th quarter valued at approximately $138,000. Geneos Wealth Management Inc. raised its holdings in shares of ProShares High Yield-Interest Rate Hedged ETF by 43.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 5,094 shares of the company’s stock worth $320,000 after acquiring an additional 1,540 shares during the last quarter. WT Wealth Management acquired a new stake in shares of ProShares High Yield-Interest Rate Hedged ETF during the third quarter valued at $472,000. Principal Securities Inc. acquired a new position in ProShares High Yield-Interest Rate Hedged ETF in the 4th quarter valued at about $639,000. Finally, B. Riley Wealth Advisors Inc. boosted its stake in shares of ProShares High Yield-Interest Rate Hedged ETF by 3.0% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 11,945 shares of the company’s stock worth $735,000 after purchasing an additional 344 shares during the last quarter.

ProShares High Yield-Interest Rate Hedged ETF Trading Up 0.4 %

Shares of ProShares High Yield-Interest Rate Hedged ETF stock traded up $0.23 during trading hours on Tuesday, reaching $64.00. 9,804 shares of the company’s stock were exchanged. ProShares High Yield-Interest Rate Hedged ETF has a 52-week low of $65.87 and a 52-week high of $70.22. The company has a fifty day moving average of $64.20 and a 200-day moving average of $63.72.

ProShares High Yield-Interest Rate Hedged ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Monday, July 1st will be paid a $0.3625 dividend. The ex-dividend date is Monday, July 1st.

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.