Short Interest in ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) Decreases By 13.4%

ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totaling 2,934 shares, a decline of 13.4% from the March 15th total of 3,387 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily volume of 23,595 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On ProShares Equities For Rising Rates ETF

Large investors have recently bought and sold shares of the stock. International Assets Investment Management LLC bought a new stake in ProShares Equities For Rising Rates ETF in the fourth quarter valued at $31,000. Steward Partners Investment Advisory LLC bought a new position in shares of ProShares Equities For Rising Rates ETF during the 4th quarter worth about $79,000. Royal Bank of Canada grew its stake in shares of 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 buying an additional 600 shares during the period. Citadel Advisors LLC grew its stake in shares of 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 buying an additional 831 shares during the period. Finally, Susquehanna International Group LLP increased its position in 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 valued at $495,000 after buying an additional 3,032 shares in the last quarter.

ProShares Equities For Rising Rates ETF Stock Performance

ProShares Equities For Rising Rates ETF stock opened at $72.92 on Friday. The stock has a market capitalization of $38.65 million, a price-to-earnings ratio of 16.51 and a beta of 0.91. ProShares Equities For Rising Rates ETF has a 52-week low of $53.59 and a 52-week high of $73.18. The stock’s 50 day moving average price is $69.08 and its two-hundred day moving average price is $65.97.

ProShares Equities For Rising Rates ETF Increases Dividend

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

About ProShares Equities For Rising Rates ETF

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.