Oppenheimer & Co. Inc. Makes New Investment in ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG)

Oppenheimer & Co. Inc. purchased a new position in shares of ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,100 shares of the company’s stock, valued at approximately $201,000. Oppenheimer & Co. Inc. owned about 0.15% of ProShares High Yield-Interest Rate Hedged ETF at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC purchased a new stake in ProShares High Yield-Interest Rate Hedged ETF during the 3rd quarter worth about $107,000. Rothschild Investment LLC purchased a new stake in shares of ProShares High Yield-Interest Rate Hedged ETF in the 2nd quarter valued at about $218,000. Tactive Advisors LLC purchased a new stake in shares of ProShares High Yield-Interest Rate Hedged ETF in the 1st quarter valued at about $242,000. Global Retirement Partners LLC lifted its holdings in shares of ProShares High Yield-Interest Rate Hedged ETF by 35.4% in the 3rd quarter. Global Retirement Partners LLC now owns 8,667 shares of the company’s stock valued at $562,000 after purchasing an additional 2,265 shares during the last quarter. Finally, Howard Capital Management Inc. lifted its holdings in shares of ProShares High Yield-Interest Rate Hedged ETF by 15.5% in the 2nd quarter. Howard Capital Management Inc. now owns 10,155 shares of the company’s stock valued at $651,000 after purchasing an additional 1,361 shares during the last quarter.

ProShares High Yield-Interest Rate Hedged ETF Price Performance

ProShares High Yield-Interest Rate Hedged ETF stock opened at $65.83 on Friday. ProShares High Yield-Interest Rate Hedged ETF has a fifty-two week low of $65.87 and a fifty-two week high of $70.22. The stock has a 50-day simple moving average of $65.11 and a 200-day simple moving average of $64.45.

ProShares High Yield-Interest Rate Hedged ETF Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, September 3rd were issued a $0.3728 dividend. This is an increase from ProShares High Yield-Interest Rate Hedged ETF’s previous dividend of $0.36. The ex-dividend date was Tuesday, September 3rd.

ProShares High Yield-Interest Rate Hedged ETF 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.