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ProShares High Yield—Interest Rate Hedged (HYHG)

Nontraditional Bond | Exchange Traded Fund | Cboe US
65.04 USD +0.16 (0.247%) ⇧ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 65.04

Short-term:★★⯪☆☆Long-term:★★⯪☆☆Dividends:★★★⯪☆
Hot Take | Aug. 22, 2026, 2:34 a.m. EDT

The high-yield bond ETF offers a robust 6.74% dividend yield, supported by consistent quarterly payouts that have stabilized around $0.36-$0.37 recently, earning a strong yield rating despite the sector's sensitivity to interest rates. However, the investment case faces headwinds on both sides of the horizon. In the short term, the asset is essentially flat, trading within a tight range near its 52-week lows and showing no momentum to spark a bullish entry; the statistical forecast model even hints at a slight negative drift, suggesting caution for tactical traders. For the long term, while the underlying business quality of high-yield bonds remains intact, the price trajectory tells a mixed story: over the last nine years, the asset is down slightly (-1.56%), and although the most recent year saw a modest gain (+0.93%), the lack of a multi-year upswing prevents a top-tier rating. The asset is a solid income generator but lacks the explosive growth or clear recovery trend needed for a higher conviction buy.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoARIMA ✓0.001831
AutoETS0.001831
AutoTheta0.001862
MSTL0.001885

Forecast horizon: 45 days | Selected: AutoARIMA

Forecast Reliability
Score 86%
H-stat 0.32
Ljung-Box p 0.391
Jarque-Bera p 0.529
Excess Kurtosis -0.67

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.53% 6.70% 6.77% 6.23%
Dividend History
Date Dividend Yield %
2026-08-03 0.340 0.525502
2026-07-01 0.362 0.560719
2026-06-01 0.361 0.558997
2026-05-01 0.360 0.556156
2026-04-01 0.360 0.563998
2026-03-02 0.343 0.536273
2026-02-02 0.347 0.535990
2025-12-24 0.366 0.566476
2025-12-01 0.374 0.581468
2025-11-03 0.369 0.575125
2025-10-01 0.367 0.568287
2025-09-02 0.370 0.573999
2025-08-01 0.370 0.577764
2025-07-01 0.392 0.607846
2025-06-02 0.371 0.575729
2025-05-01 0.388 0.610255
2025-04-01 0.380 0.597390
2025-03-03 0.373 0.573493
2025-02-03 0.366 0.554545
2024-12-23 0.349 0.534784
2024-12-02 0.373 0.569292
2024-11-01 0.364 0.559828
2024-10-01 0.364 0.565832
2024-09-03 0.373 0.583816
2024-08-01 0.362 0.568021
2024-07-01 0.363 0.567187
2024-06-03 0.365 0.569778
2024-05-01 0.359 0.559800
2024-04-01 0.361 0.565211
2024-03-01 0.349 0.546765
2024-02-01 0.324 0.515021
2023-12-20 0.375 0.598850
2023-12-01 0.344 0.553233
2023-11-01 0.344 0.566069
2023-10-02 0.336 0.551905
2023-09-01 0.330 0.535367
2023-08-01 0.317 0.518822
2023-07-03 0.318 0.523285
2023-06-01 0.322 0.545393
2023-05-01 0.308 0.520622
2023-04-03 0.295 0.497219
2023-03-01 0.234 0.389481
2023-02-01 0.291 0.479486
2022-12-22 0.310 0.525869
2022-12-01 0.304 0.509896
2022-11-01 0.288 0.480641
2022-10-03 0.325 0.565021
2022-09-01 0.259 0.443949
2022-08-01 0.274 0.464407
2022-07-01 0.289 0.513413
2022-06-01 0.284 0.467182
2022-05-02 0.233 0.385634
2022-04-01 0.250 0.401542
2022-03-01 0.237 0.391865
2022-02-01 0.206 0.332097
2021-12-23 0.242 0.386458
2021-12-01 0.226 0.368618
2021-11-01 0.236 0.377781
2021-10-01 0.239 0.380755
2021-09-01 0.236 0.376096
2021-08-02 0.230 0.369715
2021-07-01 0.238 0.377418
2021-06-01 0.244 0.390213
2021-05-03 0.245 0.389693
2021-04-01 0.237 0.375952
2021-03-01 0.226 0.362470
2021-02-01 0.251 0.402695
2020-12-23 0.272 0.439774
2020-12-01 0.259 0.418823
2020-11-02 0.262 0.439819
2020-10-01 0.264 0.442879
2020-09-01 0.266 0.440762
2020-08-03 0.241 0.399271
2020-07-01 0.281 0.485907
2020-06-01 0.326 0.555177
2020-05-01 0.287 0.507785
2020-04-01 0.212 0.397376
2020-03-02 0.281 0.445749
2020-02-03 0.280 0.434850
2019-12-24 0.346 0.528729
2019-12-02 0.303 0.470205
2019-11-01 0.299 0.464358
2019-10-01 0.320 0.499376
2019-09-03 0.314 0.491470
2019-08-01 0.329 0.507246
2019-07-01 0.358 0.546065
2019-06-03 0.333 0.521453
2019-05-01 0.332 0.500301
2019-04-01 0.384 0.581642
2019-03-01 0.312 0.471513
2019-02-01 0.339 0.519063
2018-12-26 0.404 0.645471
2018-12-03 0.309 0.468963
2018-11-01 0.335 0.501272
2018-10-01 0.338 0.494658
2018-09-04 0.332 0.493313
2018-08-01 0.334 0.494302
2018-07-02 0.338 0.508653
2018-06-01 0.329 0.493846
2018-05-01 0.337 0.503210
2018-04-02 0.333 0.503782
2018-03-01 0.320 0.477541
2018-02-01 0.296 0.431802
2017-12-26 0.331 0.489573
2017-12-01 0.331 0.489428
2017-11-01 0.331 0.487123
2017-10-02 0.328 0.479883
2017-09-01 0.327 0.481236
2017-08-01 0.299 0.433396
2017-07-03 0.301 0.438903
2017-06-01 0.324 0.470725
2017-05-01 0.293 0.424822
2017-04-03 0.329 0.481769
2017-03-01 0.274 0.391932
2017-02-01 0.279 0.404172
2016-12-21 0.263 0.383159
2016-12-01 0.300 0.444181
2016-11-01 0.309 0.472188
2016-10-03 0.298 0.448120
2016-09-01 0.306 0.463005
2016-08-01 0.314 0.489478
2016-07-01 0.309 0.485773
2016-06-01 0.315 0.489054
2016-05-02 0.311 0.483896
2016-02-01 0.350 0.581589
2015-12-22 0.263 0.424467
2015-12-01 0.341 0.524535
2015-11-02 0.356 0.531343
2015-10-01 0.350 0.541377
2015-09-01 0.365 0.536923
2015-08-03 0.344 0.488151
2015-07-01 0.314 0.435144
2015-06-01 0.337 0.458192
2015-05-01 0.325 0.440081
2015-04-01 0.335 0.460102
2015-03-02 0.314 0.420912
2015-02-02 0.343 0.478582
2014-12-22 0.354 0.484666
2014-12-01 0.345 0.463959
2014-11-03 0.372 0.487485
2014-10-01 0.323 0.422222
2014-09-02 0.353 0.446327
2014-08-01 0.326 0.415710
2014-07-01 0.339 0.423168
2014-06-02 0.344 0.431619
2014-05-01 0.317 0.396994
2014-04-01 0.334 0.415630
2014-03-03 0.306 0.382500
2014-02-03 0.325 0.413013
2013-12-24 0.296 0.369400
2013-12-02 0.326 0.408931
2013-11-01 0.287 0.357811
2013-10-01 0.353 0.450485
2013-09-03 0.359 0.454718
2013-08-01 0.368 0.462079
2013-07-01 0.332 0.424552
2013-06-03 0.111 0.138715
Additional Data
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
dividendYield 6.74

Info Dump

Attribute Value
All Time High 82.59
All Time Low 48.29
Ask 65.5
Ask Size 2,900
Average Daily Volume10 Day 40,590
Average Daily Volume3 Month 25,174
Average Volume 25,174
Average Volume10Days 40,590
Beta3 Year 0.11
Bid 61.15
Bid Size 200
Category Nontraditional Bond
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 65.0899
Day Low 64.58
Dividend Yield 6.74
Esg Populated 0
Exchange BTS
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 64.732
Fifty Day Average Change 0.30799866
Fifty Day Average Change Percent 0.0047580586
Fifty Two Week Change Percent 0.8997798
Fifty Two Week High 66.34
Fifty Two Week High Change -1.2999954
Fifty Two Week High Change Percent -0.019595953
Fifty Two Week Low 63.0
Fifty Two Week Low Change 2.040001
Fifty Two Week Low Change Percent 0.03238097
Fifty Two Week Range 63.0 - 66.34
First Trade Date Milliseconds 1,369,315,800,000
Five Year Average Return 0.0711555
Full Exchange Name Cboe US
Fullday Change 0.160004
Fullday Change Percent 0.246615
Fullday Price 65.04
Fund Family ProShares
Fund Inception Date 1,369,094,400
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary The fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance of the index. The index is designed to measure the performance of high-yield debt of U.S. and Canadian companies. Under normal circumstances, the fund will invest at least 80% of its total assets in high-yield bonds included in the index.
Long Name ProShares High Yield—Interest Rate Hedged
Market us_market
Market State CLOSED
Max Age 86,400
Message Board Id finmb_225646293
Nav Price 64.7711
Net Assets 185,422,640.0
Net Expense Ratio 0.5
Open 64.7
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 65.04
Post Market Time 1,787,951,100
Previous Close 64.88
Price Hint 2
Quote Source Name Delayed Quote
Quote Type ETF
Region US
Regular Market Change 0.160004
Regular Market Change Percent 0.246615
Regular Market Day High 65.0899
Regular Market Day Low 64.58
Regular Market Day Range 64.58 - 65.0899
Regular Market Open 64.7
Regular Market Previous Close 64.88
Regular Market Price 65.04
Regular Market Time 1,787,947,200
Regular Market Volume 53,955
Short Name ProShares High Yield Interest R
Source Interval 15
Symbol HYHG
Three Year Average Return 0.0880289
Total Assets 185,422,640
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Peg Ratio None
Trailing Three Month Nav Returns 1.44833
Trailing Three Month Returns 1.44833
Triggerable 1
Two Hundred Day Average 64.51845
Two Hundred Day Average Change 0.52155304
Two Hundred Day Average Change Percent 0.008083781
Type Disp ETF
Volume 53,955
Yield 0.0674
Ytd Return 3.64173