Short Interest in ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG) Expands By 129.5%

ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 102,755 shares, a growth of 129.5% from the July 15th total of 44,778 shares. Based on an average daily trading volume, of 28,633 shares, the short-interest ratio is presently 3.6 days. Approximately 4.1% of the company’s stock are short sold.

Institutional Trading of ProShares High Yield-Interest Rate Hedged ETF

Several large investors have recently bought and sold shares of HYHG. Larry Mathis Financial Planning LLC purchased a new stake in shares of ProShares High Yield-Interest Rate Hedged ETF during the fourth quarter valued at approximately $5,543,000. Alta Fundamental Advisers LLC purchased a new position in shares of ProShares High Yield-Interest Rate Hedged ETF in the fourth quarter valued at $3,128,000. Jane Street Group LLC grew its holdings in ProShares High Yield-Interest Rate Hedged ETF by 559.5% during the 1st quarter. Jane Street Group LLC now owns 43,252 shares of the company’s stock valued at $2,770,000 after purchasing an additional 36,694 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in ProShares High Yield-Interest Rate Hedged ETF by 79.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 34,895 shares of the company’s stock valued at $2,235,000 after purchasing an additional 15,459 shares in the last quarter. Finally, MML Investors Services LLC increased its stake in ProShares High Yield-Interest Rate Hedged ETF by 16.9% during the 4th quarter. MML Investors Services LLC now owns 71,687 shares of the company’s stock worth $4,617,000 after buying an additional 10,366 shares during the period.

ProShares High Yield-Interest Rate Hedged ETF Stock Performance

Shares of BATS:HYHG traded down $0.01 during mid-day trading on Friday, hitting $64.71. 5,906 shares of the company traded hands, compared to its average volume of 16,164. ProShares High Yield-Interest Rate Hedged ETF has a 52-week low of $63.00 and a 52-week high of $66.34. The firm’s 50 day simple moving average is $64.74 and its 200 day simple moving average is $64.55.

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.