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 increase in short interest in the month of May. As of May 29th, there was short interest totaling 38,827 shares, an increase of 1,186.5% from the May 14th total of 3,018 shares. Based on an average daily volume of 39,848 shares, the short-interest ratio is currently 1.0 days. Approximately 6.6% of the shares of the company are short sold.

ProShares Equities For Rising Rates ETF Stock Down 0.9%

ProShares Equities For Rising Rates ETF stock traded down $0.73 during mid-day trading on Tuesday, reaching $79.30. The company had a trading volume of 46,392 shares, compared to its average volume of 14,232. ProShares Equities For Rising Rates ETF has a 52 week low of $58.13 and a 52 week high of $82.38. The company has a 50 day moving average of $75.16 and a 200-day moving average of $69.57. The firm has a market cap of $46.79 million, a price-to-earnings ratio of 16.51 and a beta of 0.91.

ProShares Equities For Rising Rates ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were issued a $0.2334 dividend. This is a boost from ProShares Equities For Rising Rates ETF’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $0.93 dividend on an annualized basis and a yield of 1.2%.

Institutional Trading of ProShares Equities For Rising Rates ETF

A number of hedge funds have recently bought and sold shares of the stock. Geneos Wealth Management Inc. bought a new stake in ProShares Equities For Rising Rates ETF in the 1st quarter valued at $25,000. International Assets Investment Management LLC bought a new stake in ProShares Equities For Rising Rates ETF in the 4th quarter valued at $31,000. Royal Bank of Canada boosted its holdings in ProShares Equities For Rising Rates ETF by 17.2% in the 4th quarter. Royal Bank of Canada now owns 4,098 shares of the company’s stock valued at $264,000 after purchasing an additional 600 shares during the period. Citadel Advisors LLC boosted its holdings in ProShares Equities For Rising Rates ETF by 11.9% in the 3rd quarter. Citadel Advisors LLC now owns 7,826 shares of the company’s stock valued at $494,000 after purchasing an additional 831 shares during the period. Finally, Steward Partners Investment Advisory LLC bought a new stake in ProShares Equities For Rising Rates ETF in the 4th quarter valued at $79,000.

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.