ProShares - High Yield - Interest Rate Hedged (HYHG)
ProShares - High Yield - Interest Rate Hedged operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Bethesda, MD, US. The stock last traded at $64.56, down 0.32% on the session, giving a market capitalisation of $176.3M. Its beta of 0.10 implies it has historically moved less than the broad market.
Typically, the fund commits a minimum of 80% of its overall holdings to high-yield debt securities that are components of its benchmark index. This index is structured with two main components: long exposures to U.S. dollar-denominated high-yield corporate bonds, and short positions in U.S. Treasury notes or bonds. The aggregate duration of these short Treasury holdings is designed to be approximately equivalent to the duration of the high-yield bonds.
ProShares - High Yield - Interest Rate Hedged is most often compared with the following Financial Services names: