ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG) Sees Large Increase in Short Interest

ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 102,755 shares, a growth of 129.5% from the July 15th total of 44,778 shares. Based on an average daily volume of 28,633 shares, the short-interest ratio is currently 3.6 days. Currently, 4.1% of the company’s stock are sold short.

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

Shares of HYHG stock opened at $64.67 on Friday. ProShares High Yield-Interest Rate Hedged ETF has a 52-week low of $63.00 and a 52-week high of $66.34. The company has a 50-day simple moving average of $64.74 and a two-hundred day simple moving average of $64.55.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada boosted its position in ProShares High Yield-Interest Rate Hedged ETF by 2.2% in the first quarter. Royal Bank of Canada now owns 8,666 shares of the company’s stock worth $555,000 after purchasing an additional 190 shares during the last quarter. Mariner LLC grew its position in shares of ProShares High Yield-Interest Rate Hedged ETF by 3.2% during the 4th quarter. Mariner LLC now owns 7,607 shares of the company’s stock valued at $490,000 after acquiring an additional 235 shares during the period. Larry Mathis Financial Planning LLC increased its stake in shares of ProShares High Yield-Interest Rate Hedged ETF by 0.3% during the 1st quarter. Larry Mathis Financial Planning LLC now owns 86,357 shares of the company’s stock worth $5,503,000 after purchasing an additional 280 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of ProShares High Yield-Interest Rate Hedged ETF by 2.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 10,341 shares of the company’s stock worth $659,000 after purchasing an additional 294 shares during the period. Finally, HighTower Advisors LLC raised its holdings in shares of 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 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.