ProShares Equities For Rising Rates ETF (NASDAQ:EQRR – Get Free Report) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 2,197 shares, a drop of 59.6% from the August 15th total of 5,435 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,777 shares, the short-interest ratio is currently 0.5 days.
ProShares Equities For Rising Rates ETF Stock Performance
Shares of EQRR stock traded up $0.61 during midday trading on Tuesday, reaching $88.00. 14,647 shares of the company were exchanged, compared to its average volume of 17,953. The company’s 50 day moving average price is $84.35 and its two-hundred day moving average price is $78.00. The company has a market cap of $880,010.00, a P/E ratio of 16.51 and a beta of 0.91. ProShares Equities For Rising Rates ETF has a 12 month low of $60.61 and a 12 month high of $88.85.
Institutional Investors Weigh In On ProShares Equities For Rising Rates ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in EQRR. Citadel Advisors LLC bought a new position in ProShares Equities For Rising Rates ETF during the 2nd quarter valued at $1,373,000. Independent Financial Group LLC acquired a new position in shares of ProShares Equities For Rising Rates ETF during the 1st quarter valued at $531,000. Money Concepts Capital Corp bought a new stake in shares of ProShares Equities For Rising Rates ETF in the 1st quarter worth $292,000. Griffin Asset Management Inc. bought a new stake in shares of ProShares Equities For Rising Rates ETF in the 1st quarter worth $256,000. Finally, International Assets Investment Management LLC bought a new stake in shares of ProShares Equities For Rising Rates ETF in the 4th quarter worth $31,000.
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.
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