ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) Shares Up 0.9% – Time to Buy?

ProShares Equities For Rising Rates ETF (NASDAQ:EQRR)’s share price rose 0.9% on Wednesday . The stock traded as high as $63.19 and last traded at $63.15. Approximately 3,357 shares were traded during trading, an increase of 285% from the average daily volume of 871 shares. The stock had previously closed at $62.58.

ProShares Equities For Rising Rates ETF Price Performance

The stock has a 50-day moving average price of $62.73 and a 200-day moving average price of $61.18. The firm has a market capitalization of $8.92 million, a PE ratio of 16.51 and a beta of 1.09.

ProShares Equities For Rising Rates ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 24th were issued a dividend of $0.2328 per share. The ex-dividend date was Wednesday, September 24th. This represents a $0.93 annualized dividend and a yield of 1.5%.

Institutional Trading of ProShares Equities For Rising Rates ETF

A number of hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada increased its stake in shares of ProShares Equities For Rising Rates ETF by 324.3% in the first quarter. Royal Bank of Canada now owns 9,686 shares of the company’s stock worth $572,000 after buying an additional 7,403 shares during the last quarter. Susquehanna International Group LLP grew its holdings in ProShares Equities For Rising Rates ETF by 63.1% during 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 in the last quarter. Finally, Citadel Advisors LLC grew its holdings in ProShares Equities For Rising Rates ETF by 11.9% during the 3rd quarter. Citadel Advisors LLC now owns 7,826 shares of the company’s stock worth $494,000 after acquiring an additional 831 shares in the last quarter.

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.