ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG) Sees Large Increase in Short Interest

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

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

A number of large investors have recently bought and sold shares of the company. Royal Bank of Canada lifted its position in ProShares High Yield-Interest Rate Hedged ETF by 2.2% during the 1st quarter. Royal Bank of Canada now owns 8,666 shares of the company’s stock worth $555,000 after buying an additional 190 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of ProShares High Yield-Interest Rate Hedged ETF by 344.4% in the first quarter. NewEdge Advisors LLC now owns 1,111 shares of the company’s stock valued at $71,000 after acquiring an additional 861 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of ProShares High Yield-Interest Rate Hedged ETF by 79.5% in the first quarter. Goldman Sachs Group Inc. now owns 34,895 shares of the company’s stock valued at $2,235,000 after acquiring an additional 15,459 shares during the last quarter. Jane Street Group LLC increased its position in shares of ProShares High Yield-Interest Rate Hedged ETF by 559.5% in the first quarter. Jane Street Group LLC now owns 43,252 shares of the company’s stock valued at $2,770,000 after acquiring an additional 36,694 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in ProShares High Yield-Interest Rate Hedged ETF during the second quarter worth about $188,000.

ProShares High Yield-Interest Rate Hedged ETF Trading Down 0.1%

BATS:HYHG opened at $64.67 on Friday. ProShares High Yield-Interest Rate Hedged ETF has a 52-week low of $63.00 and a 52-week high of $66.34. The stock has a 50-day simple moving average of $64.74 and a 200 day simple moving average of $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.