Howard Capital Management Inc. Boosts Stake in ProShares High Yield-Interest Rate Hedged ETF $HYHG

Howard Capital Management Inc. lifted its stake in shares of ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG) by 5.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,313 shares of the company’s stock after buying an additional 654 shares during the period. Howard Capital Management Inc.’s holdings in ProShares High Yield-Interest Rate Hedged ETF were worth $863,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. NewEdge Advisors LLC raised its stake in ProShares High Yield-Interest Rate Hedged ETF by 344.4% in the 1st quarter. NewEdge Advisors LLC now owns 1,111 shares of the company’s stock worth $71,000 after acquiring an additional 861 shares during the last quarter. WT Wealth Management increased its holdings in shares of ProShares High Yield-Interest Rate Hedged ETF by 32.3% in the first quarter. WT Wealth Management now owns 6,317 shares of the company’s stock valued at $405,000 after purchasing an additional 1,544 shares during the period. HighTower Advisors LLC acquired a new position in shares of ProShares High Yield-Interest Rate Hedged ETF in the first quarter valued at about $508,000. Royal Bank of Canada raised its stake in shares of ProShares High Yield-Interest Rate Hedged ETF by 2.2% in the first quarter. Royal Bank of Canada now owns 8,666 shares of the company’s stock worth $555,000 after purchasing an additional 190 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of ProShares High Yield-Interest Rate Hedged ETF by 43.8% during the first quarter. Geneos Wealth Management Inc. now owns 9,164 shares of the company’s stock worth $587,000 after purchasing an additional 2,792 shares during the period.

ProShares High Yield-Interest Rate Hedged ETF Trading Down 0.6%

Shares of BATS HYHG opened at $64.73 on Thursday. ProShares High Yield-Interest Rate Hedged ETF has a 52 week low of $59.66 and a 52 week high of $66.96. The business’s 50 day moving average price is $64.72 and its 200 day moving average price is $64.43.

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.