Summary
HYHG Chart
High-Yield ETF (HYHG) Hits New 52-Week High
For investors seeking momentum, ProShares High Yield—Interest Rate Hedged ETF HYHG is probably on the radar. The fund just hit a 52-week high and has gained 6.6% from its 52-week low of $61.49 per share.
HYHG: The Time Has Passed For Interest Rate Hedging High-Yield Bonds
ProShares High Yield—Interest Rate Hedged ETF effectively neutralizes interest rate risk in bond investing. The HYHG ETF combines high-yield bonds with an interest rate hedge, resulting in consistent yield and diversification across sectors. While advantageous in the past three years, HYHG may not be the ideal bond investment moving forward due to changing economic conditions and credit risk.
ProShares High Yield-Interest Rate Hedged ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 8,954 | $565,884.59 | $577,801.62 | $11,917.03 | 2.11% |
| CE Curtis Ellergodt Rothschild Investment LLC | 3,400 | $213,860 | $219,402 | $5,542 | 2.59% |
| KMT Kirk M. Tokheim Ameritas Advisory Services LLC | 293 | $18,669.96 | $18,955.63 | $285.67 | 1.53% |
| CAL CoreCap Advisors LLC CoreCap Advisors LLC | 5,972 | $386,992.49 | $386,358.54 | -$633.95 | -0.16% |
 Jonathan Straus Commons Capital LLC | 3,602 | $229,519.44 | $232,797.26 | $3,277.82 | 1.43% |
ProShares High Yield-Interest Rate Hedged ETF (HYHG) FAQ
What is the stock price today?
On which exchange is it traded?
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Does it pay dividends? What is the current yield?
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Has ProShares High Yield-Interest Rate Hedged ETF ever had a stock split?
ProShares High Yield-Interest Rate Hedged ETF Profile
| BATS Exchange | US Country |
Overview
The company operates in the financial sector, specifically focusing on investment services. It specializes in managing a fund that allocates its assets predominantly in high-yield, USD-denominated corporate bonds, also known as high-yield bonds. These bonds are recognized for offering higher returns compared to standard corporate or government securities, due to the higher risk associated with them. Moreover, the company employs a strategic approach by taking short positions in U.S. Treasury notes or bonds, with the objective of hedging the fund’s exposure to fluctuations in interest rates. This approach aims to balance the fund's duration, essentially matching it with the duration of the high-yield bonds, thereby mitigating duration-based risks.
Products and Services
- High-Yield Bond Investments
This service entails the core operation of investing in high-yield, USD-denominated corporate bonds. These investments target bonds that offer higher interest rates due to their higher risk of default compared to more secure bonds. This investment strategy aims to maximize the return on investment for the fund’s stakeholders while managing the inherent risks associated with high-yield bonds.
- Risk Management through Treasury Securities
In parallel to investing in high-yield bonds, the fund strategically takes short positions in U.S. Treasury notes or bonds. This action is designed to hedge against the fund’s exposure to interest rate fluctuations. By shorting Treasury securities, the fund aims to create a balance in its portfolio's duration, which is crucial for managing the risk associated with the fluctuation of interest rates and mitigating the potential impact on the fund’s returns.
