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)’s share price dropped 0.3% on Thursday . The company traded as low as $63.59 and last traded at $63.60. Approximately 8,404 shares traded hands during 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 Price Performance

The company has a 50-day moving average price of $64.40 and a two-hundred day moving average price of $64.44.

ProShares High Yield-Interest Rate Hedged ETF Cuts Dividend

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

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

Several institutional investors have recently added to or reduced their stakes in HYHG. Larry Mathis Financial Planning LLC bought a new position in shares of ProShares High Yield-Interest Rate Hedged ETF during the 4th quarter worth approximately $5,543,000. Alta Fundamental Advisers LLC bought a new stake in shares of ProShares High Yield-Interest Rate Hedged ETF in the 4th quarter valued at $3,128,000. Jane Street Group LLC lifted its position in shares of 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 acquiring an additional 36,694 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of 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 acquiring an additional 15,459 shares during the period. Finally, MML Investors Services LLC boosted its stake in 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 acquiring an additional 10,366 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.