ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG) Stock Price Down 0.3% – Here’s What Happened

ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG)’s share price dropped 0.3% during mid-day trading on Thursday . The company traded as low as $64.37 and last traded at $64.41. Approximately 12,090 shares were traded during mid-day trading, a decline of 13% from the average daily volume of 13,879 shares. The stock had previously closed at $64.59.

ProShares High Yield-Interest Rate Hedged ETF Stock Performance

The firm’s 50 day moving average price is $64.65 and its 200 day moving average price is $64.56.

ProShares High Yield-Interest Rate Hedged ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 6th. Shareholders of record on Monday, February 2nd were given a dividend of $0.3468 per share. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 6.5%.

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

Several large investors have recently modified their holdings of HYHG. Anchor Investment Management LLC bought a new stake in ProShares High Yield-Interest Rate Hedged ETF in the fourth quarter worth $32,000. Clearstead Advisors LLC purchased a new stake in shares of ProShares High Yield-Interest Rate Hedged ETF in the fourth quarter valued at $33,000. AE Wealth Management LLC bought a new stake in shares of ProShares High Yield-Interest Rate Hedged ETF in the 3rd quarter worth about $45,000. Steward Partners Investment Advisory LLC purchased a new position in shares of ProShares High Yield-Interest Rate Hedged ETF during the 4th quarter worth about $69,000. Finally, NewEdge Advisors LLC boosted its stake in shares of ProShares High Yield-Interest Rate Hedged ETF by 344.4% during the 1st 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 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.