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)’s stock price dropped 1.1% during trading on Thursday . The company traded as low as $64.88 and last traded at $64.4950. Approximately 8,539 shares traded hands during mid-day 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 0.8%

The business has a fifty day moving average price of $64.58 and a two-hundred day moving average price of $64.58.

ProShares High Yield-Interest Rate Hedged ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 6th. Shareholders of record on Monday, February 2nd were given a dividend of $0.3468 per share. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%.

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

A number of hedge funds have recently made changes to their positions in the stock. AE Wealth Management LLC acquired a new stake in ProShares High Yield-Interest Rate Hedged ETF in the 3rd quarter valued at approximately $45,000. NewEdge Advisors LLC boosted its position in shares of ProShares High Yield-Interest Rate Hedged ETF by 344.4% during the first quarter. NewEdge Advisors LLC now owns 1,111 shares of the company’s stock worth $71,000 after buying an additional 861 shares during the period. Raymond James Financial Inc. purchased a new position in shares of ProShares High Yield-Interest Rate Hedged ETF during the second quarter worth $188,000. CoreCap Advisors LLC grew its stake in shares of ProShares High Yield-Interest Rate Hedged ETF by 43.2% in the third quarter. CoreCap Advisors LLC now owns 3,458 shares of the company’s stock valued at $225,000 after buying an additional 1,043 shares in the last quarter. Finally, ASL Financial LLC purchased a new stake in shares of ProShares High Yield-Interest Rate Hedged ETF in the 4th quarter valued at $226,000.

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.