ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) Short Interest Up 2,120.7% in June

ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 3,220 shares, an increase of 2,120.7% from the June 15th total of 145 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average daily volume of 71,242 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On ProShares Equities For Rising Rates ETF

Several large investors have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. acquired a new stake in shares of ProShares Equities For Rising Rates ETF during the 1st quarter worth approximately $25,000. International Assets Investment Management LLC acquired a new position in shares of ProShares Equities For Rising Rates ETF in the fourth quarter valued at $31,000. Steward Partners Investment Advisory LLC bought a new position in ProShares Equities For Rising Rates ETF in the fourth quarter worth $79,000. Griffin Asset Management Inc. bought a new stake in ProShares Equities For Rising Rates ETF in the 1st quarter valued at $256,000. Finally, Royal Bank of Canada raised 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 in the last quarter.

ProShares Equities For Rising Rates ETF Stock Down 0.1%

NASDAQ EQRR traded down $0.05 during midday trading on Friday, hitting $80.77. The company had a trading volume of 2,662 shares, compared to its average volume of 22,555. The stock has a market cap of $32.31 million, a price-to-earnings ratio of 16.51 and a beta of 0.90. The firm has a fifty day simple moving average of $79.14 and a two-hundred day simple moving average of $72.17. ProShares Equities For Rising Rates ETF has a fifty-two week low of $59.19 and a fifty-two week high of $82.53.

ProShares Equities For Rising Rates ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Wednesday, June 24th were given a dividend of $0.1981 per share. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $0.79 dividend on an annualized basis and a yield of 1.0%.

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.