ProShares - High Yield - Interest Rate Hedged
HYHG
Chicago Board Options Exchange- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 7501 Wisconsin Avenue, Suite 1000E Bethesda MD United States of America 20814
- IPO Date
- May 23, 2013
- CIK
- 0001174610
- Website
- proshares.com
- Similar Companies
- Business
- ProShares High Yield—Interest Rate Hedged (HYHG) is an exchange-traded fund that seeks to track the FTSE High Yield (Treasury Rate-Hedged) Index by investing in a diversified portfolio of high yield corporate bonds issued by U.S. and Canadian companies, paired with short positions in U.S. Treasury futures to hedge interest rate risk and target a net effective duration near zero. The fund provides exposure to USD-denominated high yield debt from issuers rated Ba1 or lower by Moody's and BB+ or lower by S&P, limited to bonds issued within the last five years, with no more than 2% allocated to any single issuer and a cap of two issues per issuer; top holdings as of December 2025 include Quikrete Holdings Inc. 6.38% due 2032, Medline Borrower LP 5.25% due 2029, and Cloud Software Group Inc. 6.50% due 2029, spanning sectors such as healthcare, software, media, and energy. It distributes income monthly, with recent payouts including $0.3731 per share in late 2025, and maintains an expense ratio of 0.50% while trading on U.S. exchanges with assets under management of approximately $164 million. HYHG operates within the nontraditional bond segment, targeting investors seeking high yield returns with minimized interest rate sensitivity amid volatile rate environments; its geographic focus centers on U.S. and Canadian corporate issuers, with primary trading and investor access in the United States. Launched on May 21, 2013, the fund is managed by ProShare Advisors LLC, part of ProShares headquartered in Bethesda, Maryland, a firm founded in 2006 that pioneered leveraged and inverse ETFs and now oversees over $95 billion in assets across innovative strategies including interest rate hedged bonds, dividend growth, high income, and crypto-linked products. In recent developments, ProShares strengthened its distribution capabilities in September 2025 by hiring three industry veterans—Chad Brand for Southern California, Mike Hart for New York City and surrounding areas, and Matt Zorumski for Florida—as Regional Vice Presidents to support financial advisors and fuel long-term growth amid expanding ETF lineups. The firm also launched new ETFs in September 2025 targeting 2x daily returns of Coinbase, Nvidia, Palantir, and Tesla, alongside reaching a milestone of over $100 billion in assets by late 2025, underscoring robust inflows and innovation in geared strategies. These enhancements position HYHG within a broader platform actively recruiting across distribution, marketing, and product functions to meet rising demand for tactical fixed income solutions.