HYHG

ProShares High Yield-Interest Rate Hedged ETF

$64.15

+0.00%

Market closed. Last update: 12:26 PM ET

📎 Investment Objective

The ProShares High Yield-Interest Rate Hedged ETF (HYHG) seeks to provide investment results that correspond to the performance of the Citi High Yield (Treasury Rate-Hedged) Index.

Overview

ETF tracking ProShares High Yield-Interest Rate Hedged ETF

Category High Yield

Issuer ProShares

Inception Date 2013-05-23

Market Cap $166.8M

Average Volume N/A

Dividend Yield 5.84%

52-Week Range $61.25 - $66.96

VWAP $64.11

Performance

Loading performance data...

Price Chart

Investment Summary

📎 Investment Objective

The ProShares High Yield-Interest Rate Hedged ETF (HYHG) seeks to provide investment results that correspond to the performance of the Citi High Yield (Treasury Rate-Hedged) Index.

🎯 Investment Strategy

The fund invests in high-yield corporate bonds and uses Treasury futures to hedge against the risk of rising interest rates. This strategy aims to provide exposure to the high-yield bond market while mitigating the impact of interest rate fluctuations.

✨ Key Features

Provides exposure to high-yield corporate bonds
Uses Treasury futures to hedge against interest rate risk
Seeks to generate income while managing interest rate sensitivity
Tracks the Citi High Yield (Treasury Rate-Hedged) Index

⚠️ Primary Risks

Credit risk: Exposure to high-yield, lower-rated bonds carries a higher risk of default
Interest rate risk: The fund's interest rate hedging strategy may not fully protect against rising rates
Liquidity risk: High-yield bonds may have lower liquidity compared to investment-grade bonds
Tracking error risk: The fund may not perfectly track its underlying index

👤 Best For

This ETF may be suitable for investors seeking exposure to the high-yield bond market with a focus on managing interest rate risk. It may be appropriate for investors with a medium to long-term investment horizon and a moderate to high-risk tolerance.