ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) to Issue Dividend Increase – $0.34 Per Share

ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) announced a dividend on Friday, February 28th, NASDAQ Dividends reports. Stockholders of record on Monday, March 3rd will be given a dividend of 0.3399 per share on Friday, March 7th. The ex-dividend date of this dividend is Monday, March 3rd. This is an increase from ProShares Investment Grade Interest Rate Hedged’s previous dividend of $0.32.

ProShares Investment Grade Interest Rate Hedged Price Performance

IGHG traded down $0.66 on Friday, hitting $77.48. 25,464 shares of the company were exchanged. The firm has a fifty day simple moving average of $78.19 and a two-hundred day simple moving average of $77.60. ProShares Investment Grade Interest Rate Hedged has a 12 month low of $75.13 and a 12 month high of $78.88.

About ProShares Investment Grade Interest Rate Hedged

The ProShares Investment Grade—Interest Rate Hedged (IGHG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index with long exposure to USD-denominated investment-grade debt and short exposure to US Treasurys. The fund aims to minimize interest-rate risk.