Short Interest in ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) Grows By 18.1%

ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) was the target of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 3,387 shares, an increase of 18.1% from the February 26th total of 2,869 shares. Currently, 2.0% of the shares of the stock are sold short. Based on an average trading volume of 807 shares, the days-to-cover ratio is currently 4.2 days.

ProShares Equities For Rising Rates ETF Stock Up 1.5%

EQRR traded up $1.03 during midday trading on Tuesday, reaching $69.52. 279,660 shares of the company’s stock were exchanged, compared to its average volume of 4,965. The business has a 50-day simple moving average of $68.02 and a two-hundred day simple moving average of $65.27. The firm has a market capitalization of $11.82 million, a price-to-earnings ratio of 16.51 and a beta of 1.09. ProShares Equities For Rising Rates ETF has a one year low of $50.65 and a one year high of $71.00.

ProShares Equities For Rising Rates ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th will be paid a dividend of $0.2334 per share. This is an increase from ProShares Equities For Rising Rates ETF’s previous quarterly dividend of $0.22. This represents a $0.93 annualized dividend and a yield of 1.3%. The ex-dividend date is Wednesday, March 25th.

Institutional Investors Weigh In On ProShares Equities For Rising Rates ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in shares of ProShares Equities For Rising Rates ETF during the 4th quarter worth about $31,000. Steward Partners Investment Advisory LLC bought a new stake in ProShares Equities For Rising Rates ETF during the fourth quarter worth about $79,000. Royal Bank of Canada increased its holdings in shares of ProShares Equities For Rising Rates ETF by 17.2% during the fourth quarter. Royal Bank of Canada now owns 4,098 shares of the company’s stock worth $264,000 after buying an additional 600 shares in the last quarter. Citadel Advisors LLC increased its holdings in shares of 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 buying an additional 831 shares in the last quarter. Finally, Susquehanna International Group LLP raised its stake 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 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.