ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG) Stock Price Down 1.1% – Here’s What Happened

ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG) were down 1.1% on Thursday . The stock traded as low as $64.88 and last traded at $64.4950. Approximately 8,539 shares changed hands during trading, a decline of 41% from the average daily volume of 14,547 shares. The stock had previously closed at $65.24.

ProShares High Yield-Interest Rate Hedged ETF Trading Down 1.1%

The stock has a fifty day moving average of $64.57 and a two-hundred day moving average of $64.58.

ProShares High Yield-Interest Rate Hedged ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 6th. Stockholders of record on Monday, February 2nd will be given a dividend of $0.3468 per share. The ex-dividend date is Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 6.5%.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tactive Advisors LLC grew its stake in ProShares High Yield-Interest Rate Hedged ETF by 137.5% in the third quarter. Tactive Advisors LLC now owns 16,425 shares of the company’s stock valued at $1,070,000 after acquiring an additional 9,510 shares during the period. Empirical Asset Management LLC increased its stake in ProShares High Yield-Interest Rate Hedged ETF by 3.8% during the 2nd quarter. Empirical Asset Management LLC now owns 10,793 shares of the company’s stock worth $699,000 after purchasing an additional 395 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in ProShares High Yield-Interest Rate Hedged ETF by 7.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 55,945 shares of the company’s stock worth $3,625,000 after buying an additional 3,793 shares during the period. Global Retirement Partners LLC bought a new position in ProShares High Yield-Interest Rate Hedged ETF in the second quarter valued at approximately $604,000. Finally, Howard Capital Management Inc. lifted its stake in ProShares High Yield-Interest Rate Hedged ETF by 5.2% in the second quarter. Howard Capital Management Inc. now owns 13,313 shares of the company’s stock valued at $863,000 after buying an additional 654 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.