ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) Sees Significant Increase in Short Interest

ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 14,080 shares, a growth of 379.9% from the March 31st total of 2,934 shares. Currently, 2.6% of the company’s stock are sold short. Based on an average daily trading volume, of 23,828 shares, the short-interest ratio is currently 0.6 days.

Institutional Trading of ProShares Equities For Rising Rates ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC acquired a new stake in shares of ProShares Equities For Rising Rates ETF in the fourth quarter valued at about $31,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of ProShares Equities For Rising Rates ETF in the fourth quarter valued at about $79,000. Royal Bank of Canada increased its position in shares of ProShares Equities For Rising Rates ETF by 17.2% in the fourth quarter. Royal Bank of Canada now owns 4,098 shares of the company’s stock valued at $264,000 after acquiring an additional 600 shares during the last quarter. Citadel Advisors LLC increased its position in shares of ProShares Equities For Rising Rates ETF by 11.9% in the third quarter. Citadel Advisors LLC now owns 7,826 shares of the company’s stock valued at $494,000 after acquiring an additional 831 shares during the last quarter. Finally, Susquehanna International Group LLP increased its position in shares of ProShares Equities For Rising Rates ETF by 63.1% in the third quarter. Susquehanna International Group LLP now owns 7,834 shares of the company’s stock valued at $495,000 after acquiring an additional 3,032 shares during the last quarter.

ProShares Equities For Rising Rates ETF Stock Up 0.6%

NASDAQ EQRR opened at $74.39 on Friday. ProShares Equities For Rising Rates ETF has a 12-month low of $54.94 and a 12-month high of $74.62. The company has a market capitalization of $40.91 million, a PE ratio of 16.51 and a beta of 0.91. The firm’s 50 day moving average is $69.60 and its 200-day moving average is $66.35.

ProShares Equities For Rising Rates ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th were issued a $0.2334 dividend. This represents a $0.93 dividend on an annualized basis and a dividend yield of 1.3%. This is a boost from ProShares Equities For Rising Rates ETF’s previous quarterly dividend of $0.22. The ex-dividend date was Wednesday, March 25th.

About ProShares Equities For Rising Rates ETF

The ProShares Equities for Rising Rates ETF (EQRR) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of 50 US-listed large-cap stocks that are anticipated to perform favorably during periods of rising interest rates. EQRR was launched on Jul 24, 2017 and is managed by ProShares.