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

ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG) was the recipient of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 9,966 shares, a decline of 90.3% from the July 30th total of 102,755 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 34,292 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds 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. Anchor Investment Management LLC acquired a new stake in ProShares High Yield-Interest Rate Hedged ETF during the 4th quarter valued at approximately $32,000. Clearstead Advisors LLC acquired a new stake in shares of ProShares High Yield-Interest Rate Hedged ETF in the fourth quarter worth $33,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of ProShares High Yield-Interest Rate Hedged ETF in the fourth quarter worth $69,000. NewEdge Advisors LLC raised its holdings in shares of ProShares High Yield-Interest Rate Hedged ETF by 344.4% during the first quarter. NewEdge Advisors LLC now owns 1,111 shares of the company’s stock worth $71,000 after purchasing an additional 861 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of ProShares High Yield-Interest Rate Hedged ETF during the second quarter worth $188,000.

ProShares High Yield-Interest Rate Hedged ETF Stock Up 0.2%

Shares of HYHG stock traded up $0.11 during mid-day trading on Tuesday, reaching $64.84. The stock had a trading volume of 29,528 shares, compared to its average volume of 16,783. ProShares High Yield-Interest Rate Hedged ETF has a 1-year low of $63.00 and a 1-year high of $66.34. The business’s fifty day moving average is $64.73 and its 200-day moving average is $64.53.

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.