ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG) Stock Price Cross Above 200-Day Moving Average – Here’s What Happened

Shares of ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $64.51 and traded as high as $66.07. ProShares High Yield-Interest Rate Hedged ETF shares last traded at $65.52, with a volume of 48,269 shares trading hands.

ProShares High Yield-Interest Rate Hedged ETF Stock Up 0.1 %

The firm’s 50 day moving average price is $65.23 and its two-hundred day moving average price is $64.51.

Institutional Trading of ProShares High Yield-Interest Rate Hedged ETF

Several institutional investors have recently added to or reduced their stakes in the stock. MML Investors Services LLC raised its holdings in ProShares High Yield-Interest Rate Hedged ETF by 14.7% in the third quarter. MML Investors Services LLC now owns 52,734 shares of the company’s stock valued at $3,417,000 after acquiring an additional 6,762 shares in the last quarter. Jane Street Group LLC raised its holdings in ProShares High Yield-Interest Rate Hedged ETF by 71.3% in the third quarter. Jane Street Group LLC now owns 14,787 shares of the company’s stock valued at $958,000 after acquiring an additional 6,154 shares in the last quarter. KKM Financial LLC raised its holdings in ProShares High Yield-Interest Rate Hedged ETF by 48.5% in the third quarter. KKM Financial LLC now owns 7,759 shares of the company’s stock valued at $503,000 after acquiring an additional 2,534 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in ProShares High Yield-Interest Rate Hedged ETF in the third quarter valued at $201,000. Finally, Farther Finance Advisors LLC acquired a new stake in shares of ProShares High Yield-Interest Rate Hedged ETF during the third quarter worth $107,000.

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.