ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG) Plans Dividend of $0.36

ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG) declared a dividend on Thursday, March 28th, NASDAQ reports. Shareholders of record on Tuesday, April 2nd will be given a dividend of 0.3606 per share on Monday, April 8th. The ex-dividend date of this dividend is Monday, April 1st. This is an increase from ProShares High Yield-Interest Rate Hedged ETF’s previous dividend of $0.34.

ProShares High Yield-Interest Rate Hedged ETF Trading Down 0.1 %

HYHG stock traded down $0.05 during midday trading on Friday, reaching $63.92. 4,598 shares of the company were exchanged. The business has a 50-day moving average price of $63.64 and a two-hundred day moving average price of $62.50. ProShares High Yield-Interest Rate Hedged ETF has a one year low of $65.87 and a one year high of $70.22.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new stake in shares of ProShares High Yield-Interest Rate Hedged ETF during the second quarter worth $8,861,000. Bank of America Corp DE lifted its holdings in shares of ProShares High Yield-Interest Rate Hedged ETF by 10.7% during the first quarter. Bank of America Corp DE now owns 229,364 shares of the company’s stock worth $14,317,000 after buying an additional 22,172 shares in the last quarter. UBS Group AG lifted its holdings in shares of ProShares High Yield-Interest Rate Hedged ETF by 120.6% during the first quarter. UBS Group AG now owns 38,629 shares of the company’s stock worth $2,411,000 after buying an additional 21,118 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of ProShares High Yield-Interest Rate Hedged ETF by 491.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 24,510 shares of the company’s stock worth $1,542,000 after buying an additional 20,369 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in shares of ProShares High Yield-Interest Rate Hedged ETF during the third quarter worth $784,000.

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.