The AdvisorShares Peritus High Yield ETF has shifted toward short-term securities and the ETF currently has a 2.42 year duration. HYLD also offers a very attractive 12.35% 30-day SEC yield. However, the fund comes with a 1.18% net expense ratio.
HYLS, on the other hand, takes a long-short approach. Specifically, the active ETF takes a 114.87% long position and includes a -14.5% short position in Treasuries to manage potential risks. The fund has a net average effective duration of 2.99 years, a 6.13% 30-day SEC yield and a 0.95% expense ratio.
For more information on speculative-grade debt, visit our junk bonds category.
Max Chen contributed to this article.
Full disclosure: Tom Lydon’s clients own shares of JNK and HYG.