Concourse Financial Group Securities Inc. Grows Stake in ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG)

Concourse Financial Group Securities Inc. grew its holdings in shares of ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG) by 5.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 33,592 shares of the company’s stock after buying an additional 1,755 shares during the period. Concourse Financial Group Securities Inc. owned 1.72% of ProShares High Yield-Interest Rate Hedged ETF worth $2,113,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HYHG. Aptus Capital Advisors LLC bought a new stake in ProShares High Yield-Interest Rate Hedged ETF during the 3rd quarter valued at approximately $29,000. Global Retirement Partners LLC purchased a new stake in ProShares High Yield-Interest Rate Hedged ETF in the fourth quarter worth $138,000. Geneos Wealth Management Inc. grew its stake in ProShares High Yield-Interest Rate Hedged ETF by 43.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 5,094 shares of the company’s stock worth $320,000 after purchasing an additional 1,540 shares during the period. WT Wealth Management bought a new position in ProShares High Yield-Interest Rate Hedged ETF in the third quarter worth $472,000. Finally, B. Riley Wealth Advisors Inc. lifted its position in ProShares High Yield-Interest Rate Hedged ETF by 3.0% during the third quarter. B. Riley Wealth Advisors Inc. now owns 11,945 shares of the company’s stock valued at $735,000 after buying an additional 344 shares during the period.

ProShares High Yield-Interest Rate Hedged ETF Stock Performance

Shares of HYHG traded down $0.16 during mid-day trading on Thursday, reaching $64.16. The company had a trading volume of 6,752 shares. The firm has a 50-day moving average price of $63.97 and a 200 day moving average price of $63.08. ProShares High Yield-Interest Rate Hedged ETF has a 52 week low of $65.87 and a 52 week high of $70.22.

ProShares High Yield-Interest Rate Hedged ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, April 8th. Investors of record on Tuesday, April 2nd were given a dividend of $0.3606 per share. This is an increase from ProShares High Yield-Interest Rate Hedged ETF’s previous dividend of $0.34. The ex-dividend date of this dividend was Monday, April 1st.

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.