ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) Short Interest Update

ProShares Equities For Rising Rates ETF (NASDAQ:EQRRGet Free Report) was the target of a large decline in short interest in July. As of July 15th, there was short interest totaling 677 shares, a decline of 79.0% from the June 30th total of 3,220 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 10,985 shares, the days-to-cover ratio is presently 0.1 days.

ProShares Equities For Rising Rates ETF Stock Up 0.6%

Shares of EQRR opened at $80.77 on Friday. The business’s 50-day moving average price is $80.13 and its 200-day moving average price is $73.31. ProShares Equities For Rising Rates ETF has a twelve month low of $59.19 and a twelve month high of $82.53. The stock has a market cap of $32.31 million, a PE ratio of 16.51 and a beta of 0.90.

ProShares Equities For Rising Rates ETF Announces Dividend

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

Institutional Trading of ProShares Equities For Rising Rates ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Independent Financial Group LLC purchased a new stake in ProShares Equities For Rising Rates ETF in the 1st quarter worth approximately $531,000. Geneos Wealth Management Inc. purchased a new position in shares of ProShares Equities For Rising Rates ETF during the 1st quarter valued at $25,000. Griffin Asset Management Inc. bought a new position in shares of ProShares Equities For Rising Rates ETF in the first quarter worth $256,000. Money Concepts Capital Corp bought a new position in shares of ProShares Equities For Rising Rates ETF in the first quarter worth $292,000. Finally, Royal Bank of Canada raised its position in shares of ProShares Equities For Rising Rates ETF by 17.2% in 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.

ProShares Equities For Rising Rates ETF Company Profile

(Get Free Report)

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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