48,575 Shares in ProShares High Yield-Interest Rate Hedged ETF $HYHG Purchased by Alta Fundamental Advisers LLC

Alta Fundamental Advisers LLC bought a new position in shares of ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG) during the 4th quarter, Holdings Channel.com reports. The firm bought 48,575 shares of the company’s stock, valued at approximately $3,128,000. ProShares High Yield-Interest Rate Hedged ETF makes up 1.4% of Alta Fundamental Advisers LLC’s investment portfolio, making the stock its 16th biggest position.

Other large investors have also recently added to or reduced their stakes in the company. Clearstead Advisors LLC purchased a new position in ProShares High Yield-Interest Rate Hedged ETF during the fourth quarter worth about $33,000. AE Wealth Management LLC purchased a new position in ProShares High Yield-Interest Rate Hedged ETF during the third quarter worth about $45,000. NewEdge Advisors LLC lifted its position in ProShares High Yield-Interest Rate Hedged ETF by 344.4% during the first quarter. NewEdge Advisors LLC now owns 1,111 shares of the company’s stock worth $71,000 after buying an additional 861 shares during the period. Raymond James Financial Inc. purchased a new position in ProShares High Yield-Interest Rate Hedged ETF during the second quarter worth about $188,000. Finally, ASL Financial LLC purchased a new position in ProShares High Yield-Interest Rate Hedged ETF during the fourth quarter worth about $226,000.

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

BATS HYHG opened at $64.55 on Friday. The business’s 50-day moving average price is $64.51 and its 200 day moving average price is $64.43. ProShares High Yield-Interest Rate Hedged ETF has a twelve month low of $63.00 and a twelve month high of $66.34.

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. HYHG was launched on May 21, 2013 and is managed by ProShares.