ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG) Trading Up 0.4% – Here’s What Happened

ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG) shares shot up 0.4% on Monday . The company traded as high as $64.99 and last traded at $64.93. 35,531 shares changed hands during trading, an increase of 156% from the average daily volume of 13,906 shares. The stock had previously closed at $64.67.

ProShares High Yield-Interest Rate Hedged ETF Price Performance

The firm’s fifty day moving average is $64.76 and its two-hundred day moving average is $64.54.

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

Several hedge funds and other institutional investors have recently bought and sold shares of HYHG. Larry Mathis Financial Planning LLC purchased a new stake in shares of ProShares High Yield-Interest Rate Hedged ETF during the fourth quarter valued at $5,543,000. Alta Fundamental Advisers LLC purchased a new position in ProShares High Yield-Interest Rate Hedged ETF in the 4th quarter worth about $3,128,000. Jane Street Group LLC raised its holdings in ProShares High Yield-Interest Rate Hedged ETF by 559.5% during the 1st quarter. Jane Street Group LLC now owns 43,252 shares of the company’s stock worth $2,770,000 after buying an additional 36,694 shares during the period. Goldman Sachs Group Inc. lifted its stake in ProShares High Yield-Interest Rate Hedged ETF by 79.5% during the first quarter. Goldman Sachs Group Inc. now owns 34,895 shares of the company’s stock valued at $2,235,000 after buying an additional 15,459 shares in the last quarter. Finally, MML Investors Services LLC lifted 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 valued at $4,617,000 after buying an additional 10,366 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. HYHG was launched on May 21, 2013 and is managed by ProShares.