ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG) Shares Up 0.4% – Here’s What Happened

ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG) shot up 0.4% during mid-day trading on Monday . The company traded as high as $64.99 and last traded at $64.93. 35,531 shares changed hands during trading, an increase of 156% from the average daily volume of 13,906 shares. The stock had previously closed at $64.67.

ProShares High Yield-Interest Rate Hedged ETF Stock Up 0.4%

The company has a 50 day moving average of $64.76 and a 200 day moving average of $64.54.

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

A number of institutional investors have recently made changes to their positions in HYHG. CoreCap Advisors LLC grew its position in shares of ProShares High Yield-Interest Rate Hedged ETF by 30.4% during the second quarter. CoreCap Advisors LLC now owns 5,972 shares of the company’s stock worth $387,000 after buying an additional 1,394 shares in the last quarter. Cetera Investment Advisers boosted its stake in ProShares High Yield-Interest Rate Hedged ETF by 11.3% during the 1st quarter. Cetera Investment Advisers now owns 15,116 shares of the company’s stock valued at $963,000 after acquiring an additional 1,533 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in ProShares High Yield-Interest Rate Hedged ETF by 2.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 10,341 shares of the company’s stock valued at $659,000 after acquiring an additional 294 shares during the last quarter. Anchor Investment Management LLC grew its holdings in ProShares High Yield-Interest Rate Hedged ETF by 490.0% during the 1st quarter. Anchor Investment Management LLC now owns 2,950 shares of the company’s stock worth $188,000 after acquiring an additional 2,450 shares in the last quarter. Finally, Larry Mathis Financial Planning LLC grew its holdings in 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 acquiring an additional 280 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.