ProShares High Yield—Interest Rate Hedged (HYHG)

high-yield interest-rate-hedge fixed-income

HYHG targets exposure to high-yield corporate bonds while aiming to neutralize interest rate risk. It combines a long position in junk bonds with a short position in U.S. Treasuries, potentially offering higher yields with reduced duration risk. This ETF could be attractive to investors seeking income but concerned about the impact of rising rates on bond prices.