Howard Capital Management Inc. Buys 654 Shares of ProShares High Yield-Interest Rate Hedged ETF $HYHG

Howard Capital Management Inc. increased its stake in ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG) by 5.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,313 shares of the company’s stock after buying an additional 654 shares during the period. Howard Capital Management Inc. owned 0.53% of ProShares High Yield-Interest Rate Hedged ETF worth $863,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. increased its position in shares of ProShares High Yield-Interest Rate Hedged ETF by 89.3% during the first quarter. Avantax Advisory Services Inc. now owns 9,662 shares of the company’s stock worth $619,000 after acquiring an additional 4,559 shares during the period. Envestnet Asset Management Inc. grew its stake in ProShares High Yield-Interest Rate Hedged ETF by 7.1% in the first quarter. Envestnet Asset Management Inc. now owns 52,152 shares of the company’s stock worth $3,340,000 after purchasing an additional 3,442 shares in the last quarter. LPL Financial LLC increased its holdings in ProShares High Yield-Interest Rate Hedged ETF by 15.1% during the 1st quarter. LPL Financial LLC now owns 115,857 shares of the company’s stock worth $7,420,000 after purchasing an additional 15,217 shares during the period. Empirical Asset Management LLC raised its position 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 valued at $699,000 after purchasing an additional 395 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new stake in shares of ProShares High Yield-Interest Rate Hedged ETF in the 1st quarter worth $4,388,000.

ProShares High Yield-Interest Rate Hedged ETF Price Performance

HYHG opened at $64.73 on Thursday. ProShares High Yield-Interest Rate Hedged ETF has a 12-month low of $59.66 and a 12-month high of $66.96. The business’s fifty day simple moving average is $64.72 and its 200-day simple moving average is $64.43.

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.