ProShares Equities For Rising Rates ETF (NASDAQ:EQRR – Get Free Report) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 1,131 shares, a drop of 80.7% from the September 15th total of 5,854 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 13,669 shares, the days-to-cover ratio is presently 0.1 days.
ProShares Equities For Rising Rates ETF Stock Performance
ProShares Equities For Rising Rates ETF stock opened at $86.94 on Tuesday. The firm has a market cap of $41.73 million, a PE ratio of 16.51 and a beta of 0.94. The firm’s 50 day moving average price is $86.26 and its two-hundred day moving average price is $80.50. ProShares Equities For Rising Rates ETF has a twelve month low of $60.61 and a twelve month high of $88.85.
Institutional Investors Weigh In On ProShares Equities For Rising Rates ETF
Institutional investors have recently modified their holdings of the stock. Citadel Advisors LLC acquired a new position in shares of ProShares Equities For Rising Rates ETF in the second quarter worth $1,373,000. Independent Financial Group LLC bought a new position in ProShares Equities For Rising Rates ETF during the first quarter valued at approximately $531,000. Envestnet Asset Management Inc. acquired a new stake in shares of ProShares Equities For Rising Rates ETF in the 2nd quarter valued at $520,000. Money Concepts Capital Corp bought a new stake in ProShares Equities For Rising Rates ETF in the first quarter worth $292,000. Finally, Griffin Asset Management Inc. bought a new stake in ProShares Equities For Rising Rates ETF in the first quarter worth $256,000.
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.
See Also
- Five stocks we like better than ProShares Equities For Rising Rates ETF
- Delta’s Guidance Cut Could Spell Trouble for the Airline Industry
- Salesforce Just Got a Rare Double Upgrade—What Changed?
- OpenAI’s Revenue Scare Could Be a Big Opportunity for Investors
- China Still Dominates Rare Earths—These 3 U.S. Companies Could Benefit
Receive News & Ratings for ProShares Equities For Rising Rates ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Equities For Rising Rates ETF and related companies with MarketBeat.com's FREE daily email newsletter.
