ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG) Shares Shorted: Short Interest Up 208.0% in September

ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 8,996 shares, a growth of 208.0% from the September 15th total of 2,921 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 49,220 shares, the short-interest ratio is currently 0.2 days.

ProShares High Yield-Interest Rate Hedged ETF Price Performance

Shares of HYHG stock opened at $64.08 on Tuesday. The business has a 50-day simple moving average of $64.56 and a 200-day simple moving average of $64.60. ProShares High Yield-Interest Rate Hedged ETF has a 52-week low of $63.00 and a 52-week high of $65.97.

Institutional Trading of ProShares High Yield-Interest Rate Hedged ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Larry Mathis Financial Planning LLC grew its stake in shares of ProShares High Yield-Interest Rate Hedged ETF by 0.3% during the 1st quarter. Larry Mathis Financial Planning LLC now owns 86,357 shares of the company’s stock worth $5,503,000 after purchasing an additional 280 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of ProShares High Yield-Interest Rate Hedged ETF by 2.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 10,341 shares of the company’s stock valued at $659,000 after purchasing an additional 294 shares in the last quarter. Anchor Investment Management LLC increased its holdings in shares of ProShares High Yield-Interest Rate Hedged ETF by 11.0% during the 2nd quarter. Anchor Investment Management LLC now owns 3,275 shares of the company’s stock valued at $212,000 after purchasing an additional 325 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of ProShares High Yield-Interest Rate Hedged ETF by 0.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 73,756 shares of the company’s stock valued at $4,785,000 after purchasing an additional 655 shares during the period. Finally, CoreCap Advisors LLC lifted its stake in shares of ProShares High Yield-Interest Rate Hedged ETF by 30.4% in the 2nd quarter. CoreCap Advisors LLC now owns 5,972 shares of the company’s stock valued at $387,000 after purchasing an additional 1,394 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.