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ProShares High Yield-Interest Rate Hedged ETF (HYHG)

$64.43

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Key data on HYHG

AUM

$169128814

P/E ratio

--

Dividend yield

6.9321%

Expense ratio

0.5%

Beta

0.288355

Price on HYHG

Previous close

$64.40

Today's open

$64.28

Day's range

$64.28 - $64.50

52 week range

$59.66 - $66.96

Profile about HYHG

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Headquarters

US

Exchange

CBOE Global Markets BZX

Issue type

Exchange-Traded Fund

HYHG industries and sectors

Bonds

Domestic

News on HYHG

High-Yield ETF (HYHG) Hits New 52-Week High

For investors seeking momentum, ProShares High Yield—Interest Rate Hedged ETF HYHG is probably on the radar. The fund just hit a 52-week high and has gained 6.6% from its 52-week low of $61.49 per share.

news source

Zacks Investment Research • Jan 2, 2025

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These ETFs can be your insurance against Fed hikes and rising rates

“Rate-hedged” bond funds can make money when interest rates rise and bond prices fall.

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Market Watch • Dec 17, 2024

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HYHG: The Time Has Passed For Interest Rate Hedging High-Yield Bonds

ProShares High Yield—Interest Rate Hedged ETF effectively neutralizes interest rate risk in bond investing. The HYHG ETF combines high-yield bonds with an interest rate hedge, resulting in consistent yield and diversification across sectors. While advantageous in the past three years, HYHG may not be the ideal bond investment moving forward due to changing economic conditions and credit risk.

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Seeking Alpha • Jul 15, 2024

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HYHG: Sell It On Lower Rates In 2024

ProShares High Yield-Interest Rate Hedged ETF is a fixed-income ETF that hedges against rising interest rates. HYHG has outperformed other high-yield bond ETFs due to its elimination of the negative impact of rising rates via treasury futures short positions. As rates are expected to decrease in the future, switching to other ETFs with higher duration profiles will generate higher total returns.

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Seeking Alpha • Sep 4, 2023

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HYHG: Wait To Buy This High Yield Credit Spread ETF

The ProShares High Yield-Interest Rate Hedged ETF provides exposure to an interest-rate hedged portfolio of high yield bonds. The HYHG ETF has delivered strong near-term performance but long-term returns are more modest and are driven by changes in credit spreads. Investors should wait for wider than average high yield credit spreads before buying the HYHG ETF due to their mean-reverting nature.

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Seeking Alpha • Aug 29, 2023

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Will 2023 Be the "Best Year" for Bond ETFs in 14 Years?

Per Goldman Sachs, 2023 bond yields will surpass stock dividends. Should you tap bond ETFs for 2023?

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Zacks Investment Research • Jan 4, 2023

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"Bonds Are Back": ETF Strategies to Follow

Investors are finding value in bonds for the first time in a decade as higher interest rates make fixed-income lucrative, according to JPMorgan Chase.

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Zacks Investment Research • Nov 23, 2022

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Time for a 40/60 ETF Portfolio Instead of 60/40?

The year 2022 has produced the worst returns in 100 years for the classic 60/40 strategy. Should you tap 40/60 ETF strategy now?

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Zacks Investment Research • Oct 20, 2022

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Bond ETF Investing Strategies for Rising Rate Environment

Rising rate worries have crippled the investing world this year.

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Zacks Investment Research • Oct 18, 2022

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Benchmark Treasury Yields Jump: 5 ETFs to Play

U.S. benchmark government bond yields rose to 3.03% from 2.98% on Jun 8 on inflationary fears.

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Zacks Investment Research • Jun 9, 2022

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¹ Disclosures

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