ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG) Shares Down 4.6% – Here’s What Happened

ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG) shares traded down 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 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 Stock Performance

The business has a 50 day moving average of $64.48 and a 200 day moving average of $65.19.

ProShares High Yield-Interest Rate Hedged ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, March 7th. Investors of record on Monday, March 3rd were issued a dividend of $0.373 per share. This is an increase from ProShares High Yield-Interest Rate Hedged ETF’s previous dividend of $0.37. The ex-dividend date was Monday, March 3rd.

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

A number of hedge funds have recently added to or reduced their stakes in the stock. 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 purchasing an additional 6,154 shares during the period. International Assets Investment Management LLC acquired a new stake in ProShares High Yield-Interest Rate Hedged ETF in the fourth quarter valued at approximately $220,000. Empirical Asset Management LLC increased its position in shares of ProShares High Yield-Interest Rate Hedged ETF by 13.9% during the fourth quarter. Empirical Asset Management LLC now owns 9,407 shares of the company’s stock worth $617,000 after purchasing an additional 1,146 shares in the last quarter. Commons Capital LLC acquired a new stake in shares of ProShares High Yield-Interest Rate Hedged ETF in the 4th quarter worth $666,000. Finally, Sound Income Strategies LLC grew its stake in ProShares High Yield-Interest Rate Hedged ETF by 3.7% during the 4th quarter. Sound Income Strategies LLC now owns 93,411 shares of the company’s stock worth $6,122,000 after buying an additional 3,297 shares during 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.