HYHG ProShares High Yield-Interest Rate Hedged ETF

ETF

ETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

HYHG — —
Key stats
About

ProShares High Yield-Interest Rate Hedged ETF (HYHG) ETF

No description available.

Exchange
BATS
Inception
2013-05-21
Has Options
No
Fund profile
holdings as of Oct 21, 2026issuer datathrough May 2026flows, SEC filings
Taxable Bond High Yield Bond#38 of 83 by assets ProShares Index-tracking
Expense ratio
0.50%
prospectus, filed Apr 7, 2026
Assets
$245M
shares × price, Oct 21, 2026
Trailing yield
6.79%
paid monthly
Average daily volume
$4.0M
30 sessions
Holdings
247
top 10 are 11.4%
Listed
May 21, 2013
Cboe BZX
Closure risk, 12 months
0.5%
low · model
Tracking difference
-0.58 pts
vs index, after fees, FY 2026
FrenzyCap ETF score
51
how it is built
Cost22
Liquidity53
Scale52
Diversification100

Moves with. High yield over Treasuries (17% of its variance, beta 0.70); Value over growth (8% of its variance, beta -0.12). These factors explain 25% of its daily moves over the last year, so most of what drives this fund is something else.

Stated objective. ProShares High Yield Interest Rate Hedged (the Fund) seeks investment results, before fees and expenses, that track the performance of the FTSE High Yield (Treasury Rate-Hedged) Index (the Index). (from the fund's prospectus)

All 247 holdingsFlow historyOverlap toolAll High Yield Bond ETFs

Fund flows
through May 2026SEC filings
May 2026
+$4.8M
latest reported month
Latest 3 months
+$9.7M
+5.6% of assets
Latest 12 months
+$4.8M
+2.8% of assets
Jun 2025: −$4.8MJul 2025: $0JulAug 2025: +$1.6MSep 2025: +$3.2MSepOct 2025: +$1.6MNov 2025: −$6.4M−$6.4MNovDec 2025: −$1.6MJan 2026: −$3.2MJanFeb 2026: +$4.8MMar 2026: +$3.2MMarApr 2026: +$1.6MMay 2026: +$4.8M+$4.8MMay
View as a table
Net flows of HYHG by month, Jun 2025 to May 2026
MonthNet flow
May 2026+$4.8M
Apr 2026+$1.6M
Mar 2026+$3.2M
Feb 2026+$4.8M
Jan 2026−$3.2M
Dec 2025−$1.6M
Nov 2025−$6.4M
Oct 2025+$1.6M
Sep 2025+$3.2M
Aug 2025+$1.6M
Jul 2025$0
Jun 2025−$4.8M

Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 81 months ago

Similar funds
FundOverlapFeeAssets1Y
USHYiShares Broad USD High Yield Corporate Bond ETF—0.08%$25.8B−5.5%compare
HYGiShares iBoxx $ High Yield Corporate Bond ETF—0.49%$16.5B−4.8%compare
SPHYState Street SPDR Portfolio High Yield Bond ETF—0.05%$11.7B−5.6%compare
SHYGiShares 0-5 Year High Yield Corporate Bond ETF—0.30%$7.6B−4.7%compare
JNKState Street SPDR Bloomberg High Yield Bond ETF—0.40%$5.5B−5.2%compare

The largest other funds in the High Yield Bond category.

Under the hood
fiscal year to May 31, 2026SEC census
Authorized participants
3 active
of 39 with agreements; top 3 did 100%
Created · redeemed
$29M · $23M
over the fiscal year
Redemptions in kind
100%
creations 7% in kind
Creation unit
25,000
shares
Securities lending
2.87%
of assets on loan on average; earned 3.1 bp
Return vs index
-0.58 pts
after fees; -0.06 before; daily s.d. 0.90

From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.

ETF Profile
holdings as of 2026-10-21
Holdings
247
AUM
$1.9M
Provider
ProShares
Inception
2013-05-21
Exchange
BATS
Data As Of
2026-10-21
Expense Ratio
0.50%
Dividend Yield
6.79%
Distribution
Monthly
Recent distributions
Ex-Date Pay Date Amount Type
2026-10-01 2026-10-07 $0.3528 CD
2026-09-01 2026-09-08 $0.3607 CD
2026-08-03 2026-08-07 $0.3398 CD
2026-07-01 2026-07-08 $0.3624 CD
2026-06-01 2026-06-05 $0.3606 CD
2026-05-01 2026-05-07 $0.3605 CD
Asset Allocation
Top Holdings
top 50 of 247 holdings
Symbol Name Weight % Asset Class Country
— Net Other Assets (Liabilities) 5.05% Cash/Money Market —
— 1261229 BC LTD 1.61% Corporate Bond CA
— FLASH COMPUTE LLC 1.18% Corporate Bond US
— PR RNO PROPERTY OWNER 1 1.15% Corporate Bond US
— TENET HEALTHCARE CORP 1.11% Corporate Bond US
— NEPTUNE BIDCO US INC 1.09% Corporate Bond US
— GALAXY HELIOS DATA CNTR 1.08% Corporate Bond US
— MERIDIAN ARC HOLDCO LLC 1.06% Corporate Bond US
— BLACK PEARL COMPUTE LLC 1.05% Corporate Bond US
— CLOUD SOFTWARE GRP LLC 1.05% Corporate Bond US
— ECHOSTAR CORP 1.02% Corporate Bond US
— UNIVISION COMMUNICATIONS 1.01% Corporate Bond US
— ASURION LLC/ASURION CO 0.95% Corporate Bond US
— DIRECTV FIN LLC/COINC 0.94% Corporate Bond US
— CORE SCIENTIFIC FINANCE 0.93% Corporate Bond US
— ALLIED UNIVERSAL HOLDCO 0.92% Corporate Bond US
— CLEAR CHANNEL OUTDOOR HO 0.91% Corporate Bond US
LVLT LEVEL 3 FINANCING INC 0.87% Corporate Bond US
— SV RNO PROPERTY OWNER 1 0.86% Corporate Bond US
— CLOUD SOFTWARE GRP LLC 0.84% Corporate Bond US
— ROCKET COS INC 0.84% Corporate Bond US
— CRC INSURANCE GROUP LLC 0.81% Corporate Bond US
IQV IQVIA INC 0.80% Corporate Bond US
— APLD COMPUTECO 2 LLC 0.76% Corporate Bond US
— UKG INC 0.75% Corporate Bond —
— HERC HOLDINGS INC 0.74% Corporate Bond US
— VENTURE GLOBAL LNG INC 0.71% Corporate Bond US
— MAUSER PACKAGING SOLUT 0.70% Corporate Bond US
— STAPLES INC 0.70% Corporate Bond US
— NCL CORPORATION LTD 0.70% Corporate Bond —
— OAK-EAGLE ACQUIRECO INC 0.69% Corporate Bond US
— MEDLINE BORROWER LP 0.68% Corporate Bond US
— VENTURE GLOBAL LNG INC 0.67% Corporate Bond US
— MICHAELS COS INC/THE 0.67% Corporate Bond US
— ALBERTSONS COS/SAFEWAY 0.66% Corporate Bond US
— TALEN ENERGY SUPPLY LLC 0.65% Corporate Bond US
— CAESARS ENTERTAIN INC 0.65% Corporate Bond US
— VERSANT MEDIA GROUP INC 0.63% Corporate Bond US
— OAK-EAGLE ACQUIRECO INC 0.63% Corporate Bond US
— DAVITA INC 0.63% Corporate Bond US
— NRG ENERGY INC 0.63% Corporate Bond US
— HUB INTERNATIONAL LTD 0.63% Corporate Bond US
— COMMERCIAL METALS CO 0.63% Corporate Bond US
— UNITED RENTALS NORTH AM 0.62% Corporate Bond US
— APLD COMPUTECO LLC 0.61% Corporate Bond US
— WINDSTREAM SERVICES/ESCR 0.60% Corporate Bond US
— FIRST QUANTUM MINERALS L 0.60% Corporate Bond CA
— CONNECT FINCO SARL/CONNE 0.59% Corporate Bond LU
— ATHENAHEALTH GROUP INC 0.59% Corporate Bond US
— VOLTAGRID LLC 0.58% Corporate Bond US
Non-Equity Breakdown
ProShares High Yield-Interest Rate Hedged · NPORT-P period 2026-05-31 (filed 2026-07-28)
Net assets: $174M · 245 total positions · equity 0.00% · non-equity 99.55%
Non-equity holdings — 245 positions, 99.55% of NAV
Category Weight Value Positions
Corporate 95.19% $165.2M 237
Repurchase agreement 2.29% $4.0M 4
Short-term investment 2.20% $3.8M 1
Derivative (interest rate) -0.13% $-227469 3
Chart
Seasonality
'21'22'23'24'25'26Avg
Jan0.14%-1.90%2.12%0.57%1.76%1.02%0.62%
Feb0.25%-0.76%-0.83%1.72%1.34%-0.93%0.13%
Mar1.43%3.21%-0.59%0.14%-1.53%-0.38%0.38%
Apr0.02%-2.60%0.19%0.71%-0.65%1.61%-0.12%
May-0.26%0.85%0.08%0.67%1.50%0.34%0.53%
Jun1.02%-6.59%3.63%0.12%0.56%0.47%-0.13%
Jul-0.76%5.27%1.54%0.63%0.69%0.12%1.25%
Aug1.13%-1.32%1.22%1.26%1.28%0.26%0.64%
Sep0.46%-1.05%-0.19%1.43%1.05%-0.53%0.19%
Oct0.29%4.09%0.34%1.61%0.77%-0.93%*1.03%
Nov-1.20%-0.23%2.33%1.22%0.44%--0.51%
Dec2.35%-2.05%1.16%0.03%0.12%--0.32%
Total4.93%-3.60%11.47%10.57%7.53%1.02%5.32%
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $63.75
SMA 50: $64.34
SMA 200: $64.51
Current: $62.98
EMA 12: $63.46
EMA 26: $63.83
MACD: -0.3712 | Signal: -0.0658
BEARISH
ADX (14): 18.84
RANGE
+DI: 16.84
−DI: 27.43

Momentum Oscillators

RSI (14): 31.82
NEUTRAL
Stoch %K: 13.84
Stoch %D: 12.97
Williams %R: -87.14

Volume & Volatility

BB Upper: $64.66
BB Lower: $62.84
NEUTRAL
OBV: -1,721,394
Vol SMA 20: 82,870
Vol ROC: -85.90%
ATR: $0.42
True Range: $0.53
HV 20: 6.2%
HV 30: 5.8%
HV 60: 4.7%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis

Here is the stock analysis report for HYHG:

Executive Summary

Overall Assessment: NEUTRAL with a confidence level of 6/10 Key Drivers: Technical indicators suggest a range-bound market, while recent news headlines are neutral. Primary Risks: Low volatility, lack of earnings data, and absence of options activity may lead to limited price movement.

Recent News Sentiment Impact: Neutral news headlines have not significantly impacted the stock's price movements.

Technical Analysis

Trend Direction: Range-bound (short-term), Neutral (medium-term), Bearish (long-term) Support/Resistance Levels: * Upper: $65.16 * Middle: $64.75 * Lower: $64.34

Momentum Signals: * RSI interpretation: Overbought (>70) at 56.20, indicating a neutral signal. * MACD signal: Bullish, with a strong bullish momentum. * Bollinger Bands position: Neutral, as price is within the middle band.

Volume Analysis: * Volume SMA 20: 13259.80 * On-Balance Volume (OBV): -325947.30 * Volume Rate of Change: -98.32% suggests a declining volume trend.

News & Sentiment Analysis

Recent Headlines Summary: Neutral news headlines about bond ETFs and market trends. Sentiment Assessment: Neutral, with no significant positive or negative sentiment detected. Catalyst Identification: No specific catalysts identified; focus on technical analysis.

Market Narrative: Recent news headlines do not contradict the neutral to bearish technical signals.

Risk & Volatility Assessment

Risk Interpretation: Low risk, based on beta and volatility metrics. Volatility Regime: Current volatility is low compared to historical levels. Options Market Signals: No options data available for analysis.

Downside Protection: Support levels at $64.34 and below may provide some protection against potential losses.

Market Context & Positioning

Sector Performance: HYHG's performance is relative to the broader market, with no clear sector influence. Institutional Activity: Low volume suggests limited institutional interest. Correlation Analysis: HYHG moves less than the market (beta <0.8), indicating a defensive position.

Relative Valuation: HYHG's price movement has been relatively flat within its trading range.

Key Levels & Action Items

Critical Price Levels: * Support: $64.34 * Resistance: $65.16

Breakout/Breakdown Levels: No clear levels identified due to the neutral market trend. Time-Sensitive Catalysts: None specific, focus on technical analysis. Risk Management: Stop-loss levels and position sizing considerations should be based on individual risk tolerance.

Please note that this report is not intended as a buy or sell recommendation but rather as a comprehensive analysis of the stock's technical and fundamental characteristics.

Generated
News
All HYHG news →
Showing 1–10 of 11
Page 1 of 2

HYHG Options Activity & IV Rank

Loading options activity...
Spread Scanner GPU
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
ATM — / Wing —
30 DTE / 10d —
— pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis

Risk Metrics

Beta: 0.1206
Alpha: -3.66%
Correlation: 0.2785
R-Squared: 7.8%
Stock Volatility: 5.5%
Market Volatility: 12.8%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Beta & Alpha Over Time

HYHG Institutional Ownership (13F)

Latest filings — 2026-09-30

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

53 filers1,201,129 shares$77.80M value
# Filer Shares Value % of Total % of Float Period
1 Morgan Stanley Custodian 261,073 $16.94M 21.77% — 2026-06-30
2 Wells Fargo & Company Custodian 143,019 $9.28M 11.93% — 2026-06-30
3 Larry Mathis Financial Planning, LLC 92,272 $5.99M 7.70% — 2026-06-30
4 Sound Income Strategies, LLC 87,599 $5.60M 7.20% — 2026-09-30
5 MML INVESTORS SERVICES, LLC 78,441 $5.09M 6.54% — 2026-06-30
6 Envestnet Asset Management, Inc. 73,756 $4.79M 6.15% — 2026-06-30
7 LPL Financial LLC Custodian 62,248 $4.04M 5.19% — 2026-06-30
8 Raymond James Financial, Inc. Custodian 47,129 $3.06M 3.93% — 2026-06-30
9 Tactive Advisors, LLC 40,697 $2.61M 3.36% — 2026-09-30
10 The Manufacturers Life Insurance Company 35,400 $2.30M 2.95% — 2026-06-30
11 Synergy Asset Management, LLC 31,216 $2.03M 2.60% — 2026-06-30
12 Howard Capital Management, LLC 22,548 $1.45M 1.86% — 2026-09-30
13 Summit Financial, LLC 20,535 $1.33M 1.71% — 2026-06-30
14 OSAIC HOLDINGS, INC. Custodian 19,047 $1.24M 1.59% — 2026-06-30
15 Cetera Investment Advisers Custodian 17,795 $1.15M 1.48% — 2026-06-30
16 Empirical Asset Management, LLC 15,608 $1.01M 1.30% — 2026-06-30
17 Global Retirement Partners, LLC 12,823 $831.98K 1.07% — 2026-06-30
18 Rockefeller Capital Management L.P. Custodian 10,851 $704.07K 0.91% — 2026-06-30
19 OPPENHEIMER & CO INC 10,780 $699.43K 0.90% — 2026-06-30
20 HighTower Advisors, LLC 10,571 $685.89K 0.88% — 2026-06-30
21 Geneos Wealth Management Inc. 10,001 $648.87K 0.83% — 2026-06-30
22 Royal Bank of Canada Custodian 8,955 $581.00K 0.75% — 2026-06-30
23 PRINCIPAL SECURITIES, INC. 8,654 $561.49K 0.72% — 2026-06-30
24 CoreCap Advisors, LLC 7,389 $474.36K 0.61% — 2026-09-30
25 Snowden Capital Advisors LLC 6,742 $437.43K 0.56% — 2026-06-30
# Filer Notional Value % of Total Period
# Filer Notional Value % of Total Period
Constituent Performance

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Constituents
Symbol Name Weight % Price 1 Day 1 Week 1 Month