ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) Short Interest Update

ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 5,435 shares, an increase of 340.1% from the July 30th total of 1,235 shares. Currently, 1.4% of the shares of the company are sold short. Based on an average daily volume of 2,905 shares, the short-interest ratio is presently 1.9 days.

ProShares Equities For Rising Rates ETF Price Performance

NASDAQ EQRR traded down $0.01 on Friday, hitting $87.42. 2,551 shares of the company’s stock were exchanged, compared to its average volume of 18,486. The firm has a market cap of $34.09 million, a price-to-earnings ratio of 16.51 and a beta of 0.90. The firm’s 50-day moving average price is $82.70 and its two-hundred day moving average price is $76.44. ProShares Equities For Rising Rates ETF has a fifty-two week low of $60.61 and a fifty-two week high of $87.84.

ProShares Equities For Rising Rates ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Wednesday, June 24th were issued a dividend of $0.1981 per share. This represents a $0.79 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, June 24th.

Institutional Investors Weigh In On ProShares Equities For Rising Rates ETF

Institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its holdings in shares of ProShares Equities For Rising Rates ETF by 324.3% in the 1st quarter. Royal Bank of Canada now owns 9,686 shares of the company’s stock valued at $572,000 after purchasing an additional 7,403 shares in the last quarter. Susquehanna International Group LLP grew its holdings in shares of ProShares Equities For Rising Rates ETF by 63.1% in the 3rd quarter. Susquehanna International Group LLP now owns 7,834 shares of the company’s stock worth $495,000 after acquiring an additional 3,032 shares during the period. Citadel Advisors LLC raised its holdings in ProShares Equities For Rising Rates ETF by 11.9% during the third quarter. Citadel Advisors LLC now owns 7,826 shares of the company’s stock worth $494,000 after purchasing an additional 831 shares during the last quarter. Independent Financial Group LLC acquired a new position in ProShares Equities For Rising Rates ETF during the first quarter worth $531,000. Finally, Money Concepts Capital Corp purchased a new stake in ProShares Equities For Rising Rates ETF during the first quarter worth $292,000.

ProShares Equities For Rising Rates ETF Company Profile

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.