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

ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG) was the target of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 9,966 shares, a decrease of 90.3% from the July 30th total of 102,755 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 34,292 shares, the short-interest ratio is presently 0.3 days.

ProShares High Yield-Interest Rate Hedged ETF Price Performance

Shares of HYHG stock traded up $0.11 during trading hours on Tuesday, reaching $64.84. The company had a trading volume of 29,528 shares, compared to its average volume of 16,783. The stock has a fifty day moving average of $64.73 and a 200-day moving average of $64.53. ProShares High Yield-Interest Rate Hedged ETF has a 12-month low of $63.00 and a 12-month high of $66.34.

Institutional Investors Weigh In On ProShares High Yield-Interest Rate Hedged ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Integrity Alliance LLC. purchased a new stake in ProShares High Yield-Interest Rate Hedged ETF during the fourth quarter worth about $533,000. Larry Mathis Financial Planning LLC purchased a new position in shares of ProShares High Yield-Interest Rate Hedged ETF in 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 approximately $3,128,000. Cetera Investment Advisers raised its stake in shares of ProShares High Yield-Interest Rate Hedged ETF by 11.3% in the first quarter. Cetera Investment Advisers now owns 15,116 shares of the company’s stock valued at $963,000 after acquiring an additional 1,533 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in shares of ProShares High Yield-Interest Rate Hedged ETF by 2.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 10,341 shares of the company’s stock valued at $659,000 after buying an additional 294 shares during the period.

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.