ProShares High Yield Interest Rate HedgedProShares High Yield Interest Rate HedgedProShares High Yield Interest Rate Hedged

ProShares High Yield Interest Rate Hedged

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Key stats


Assets under management (AUM)
‪162.97 M‬USD
Fund flows (1Y)
‪23.57 M‬USD
Dividend yield (indicated)
6.84%
Discount/Premium to NAV
0.05%
Shares outstanding
‪2.52 M‬
Expense ratio
0.50%

About ProShares High Yield Interest Rate Hedged


Issuer
ProShare Advisors LLC
Brand
ProShares
Home page
Inception date
May 21, 2013
Structure
Open-Ended Fund
Index tracked
FTSE High Yield (Treasury Rate-Hedged) Index
Replication method
Physical
Management style
Passive
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
ProShare Advisors LLC
Distributor
SEI Investments Distribution Co.
HYHG tracks an index that goes long on recently issued high-yield USD debt from US and Canadian issuers, while shorting a duration-matched combination of 2-, 5- and 10-year US Treasurys. The goal is to provide credit exposure while minimizing interest-rate risk. The fund's high-yield holdings are limited to US- or Canadian-based issues that are USD-denominated and were issued in the last five years. This approach to the market carries with it elevated risk, as well as significant portfolio concentration. Caps are enforced such that for each issuer, no more than two issues are included, with no more than 2% allocated for any single issuer. The index is calculated daily and settled within the same day, except on the last business day of the month when settlement is on the last calendar day.

Broaden your horizons with more funds linked to HYHG via country, focus, and more.

Classification


Asset Class
Fixed income
Category
Corporate, broad-based
Focus
High yield
Niche
Broad maturities
Strategy
Duration hedged
Geography
U.S.
Weighting scheme
Market value
Selection criteria
Market value
What's in the fund
Exposure type
Bonds, Cash & Other
Corporate
Stock breakdown by region
92%7%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
HYHG trades at 64.80 USD today, its price has risen 0.09% in the past 24 hours. Track more dynamics on HYHG price chart.
HYHG net asset value is 64.66 today — it's risen 1.66% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
HYHG assets under management is ‪162.97 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
HYHG price has risen by 0.01% over the last month, and its yearly performance shows a 1.47% increase. See more dynamics on HYHG price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 1.66% over the last month, showed a 2.85% increase in three-month performance and has increased by 8.20% in a year.
HYHG fund flows account for ‪23.57 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
HYHG invests in bonds. See more details in our Analysis section.
HYHG expense ratio is 0.50%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, HYHG isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, HYHG technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating HYHG shows the buy signal. See more of HYHG technicals for a more comprehensive analysis.
Yes, HYHG pays dividends to its holders with the dividend yield of 6.84%.
HYHG trades at a premium (0.05%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
HYHG shares are issued by ProShare Advisors LLC
HYHG follows the FTSE High Yield (Treasury Rate-Hedged) Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on May 21, 2013.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.