ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG) Shares Down 0.1% – Time to Sell?

ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG)’s stock price dropped 0.1% during mid-day trading on Thursday . The company traded as low as $64.33 and last traded at $64.60. Approximately 10,311 shares changed hands during trading, a decline of 21% from the average daily volume of 13,035 shares. The stock had previously closed at $64.68.

ProShares High Yield-Interest Rate Hedged ETF Stock Down 0.1%

The business has a fifty day simple moving average of $64.20 and a two-hundred day simple moving average of $64.37.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Anchor Investment Management LLC purchased a new position in ProShares High Yield-Interest Rate Hedged ETF in the 4th quarter valued at $32,000. Clearstead Advisors LLC purchased a new position in ProShares High Yield-Interest Rate Hedged ETF in the 4th quarter valued at $33,000. AE Wealth Management LLC purchased a new position in ProShares High Yield-Interest Rate Hedged ETF in the 3rd quarter valued at $45,000. Steward Partners Investment Advisory LLC purchased a new position in ProShares High Yield-Interest Rate Hedged ETF in the 4th quarter valued at $69,000. Finally, NewEdge Advisors LLC lifted its holdings in ProShares High Yield-Interest Rate Hedged ETF by 344.4% in the 1st quarter. NewEdge Advisors LLC now owns 1,111 shares of the company’s stock valued at $71,000 after purchasing an additional 861 shares in the last quarter.

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.