ProShares High Yield-Interest Rate Hedged ETF

HYHG

Market cap $172M

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.

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

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.