ProShares Equities For Rising Rates ETF (NASDAQ:EQRR – Get Free Report) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 2,197 shares, a drop of 59.6% from the August 15th total of 5,435 shares. Based on an average daily volume of 4,777 shares, the short-interest ratio is presently 0.5 days. Approximately 0.5% of the shares of the stock are sold short.
Institutional Trading of ProShares Equities For Rising Rates ETF
A number of institutional investors have recently bought and sold shares of EQRR. Citadel Advisors LLC acquired a new position in ProShares Equities For Rising Rates ETF in the 2nd quarter valued at $1,373,000. Independent Financial Group LLC acquired a new stake in shares of ProShares Equities For Rising Rates ETF during the first quarter worth $531,000. Geneos Wealth Management Inc. purchased a new stake in shares of ProShares Equities For Rising Rates ETF in the first quarter valued at $25,000. Griffin Asset Management Inc. purchased a new stake in shares of ProShares Equities For Rising Rates ETF in the first quarter valued at $256,000. Finally, Money Concepts Capital Corp acquired a new position in ProShares Equities For Rising Rates ETF in the first quarter valued at $292,000.
ProShares Equities For Rising Rates ETF Stock Performance
EQRR traded up $0.55 on Monday, hitting $87.42. 4,175 shares of the company were exchanged, compared to its average volume of 17,971. The business’s fifty day moving average is $84.20 and its 200 day moving average is $77.86. ProShares Equities For Rising Rates ETF has a fifty-two week low of $60.61 and a fifty-two week high of $88.85. The firm has a market capitalization of $34.97 million, a P/E ratio of 16.51 and a beta of 0.91.
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.
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