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

ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG) shares dropped 0.3% on Thursday . The stock traded as low as $63.59 and last traded at $63.60. Approximately 8,404 shares were traded during mid-day trading, a decline of 31% from the average daily volume of 12,178 shares. The stock had previously closed at $63.78.

ProShares High Yield-Interest Rate Hedged ETF Trading Down 0.5%

The firm has a fifty day simple moving average of $64.37 and a 200 day simple moving average of $64.43.

ProShares High Yield-Interest Rate Hedged ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were issued a dividend of $0.3426 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 6.5%.

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

Hedge funds have recently bought and sold shares of the company. Sound Income Strategies LLC boosted its position in shares of ProShares High Yield-Interest Rate Hedged ETF by 3.2% during the third quarter. Sound Income Strategies LLC now owns 92,795 shares of the company’s stock worth $5,989,000 after purchasing an additional 2,902 shares in the last quarter. Larry Mathis Financial Planning LLC bought a new stake in shares of ProShares High Yield-Interest Rate Hedged ETF in the fourth quarter worth about $5,543,000. MML Investors Services LLC raised its position in shares of 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 worth $4,617,000 after purchasing an additional 10,366 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of ProShares High Yield-Interest Rate Hedged ETF by 9.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 60,969 shares of the company’s stock valued at $3,971,000 after purchasing an additional 5,024 shares in the last quarter. Finally, Alta Fundamental Advisers LLC acquired a new position in shares of ProShares High Yield-Interest Rate Hedged ETF in the 4th quarter valued at approximately $3,128,000.

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.