ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) Short Interest Up 82.4% in July

ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 1,235 shares, an increase of 82.4% from the July 15th total of 677 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 2,825 shares, the days-to-cover ratio is presently 0.4 days.

ProShares Equities For Rising Rates ETF Stock Down 0.1%

Shares of NASDAQ:EQRR traded down $0.05 during midday trading on Tuesday, reaching $87.17. 805 shares of the company traded hands, compared to its average volume of 19,158. The firm’s fifty day moving average price is $81.75 and its two-hundred day moving average price is $75.36. The firm has a market capitalization of $34.87 million, a price-to-earnings ratio of 16.51 and a beta of 0.90. ProShares Equities For Rising Rates ETF has a 12 month low of $60.49 and a 12 month high of $87.84.

ProShares Equities For Rising Rates ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 24th were issued a dividend of $0.1981 per share. This represents a $0.79 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, June 24th.

Institutional Investors Weigh In On ProShares Equities For Rising Rates ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Independent Financial Group LLC bought a new position in shares of ProShares Equities For Rising Rates ETF in the first quarter valued at approximately $531,000. Citadel Advisors LLC grew its stake in ProShares Equities For Rising Rates ETF by 11.9% during the third quarter. Citadel Advisors LLC now owns 7,826 shares of the company’s stock valued at $494,000 after acquiring an additional 831 shares in the last quarter. Susquehanna International Group LLP increased its holdings in ProShares Equities For Rising Rates ETF by 63.1% during the 3rd quarter. Susquehanna International Group LLP now owns 7,834 shares of the company’s stock worth $495,000 after acquiring an additional 3,032 shares during the period. Royal Bank of Canada increased its holdings in ProShares Equities For Rising Rates ETF by 324.3% during the 1st quarter. Royal Bank of Canada now owns 9,686 shares of the company’s stock worth $572,000 after acquiring an additional 7,403 shares during the period. Finally, Steward Partners Investment Advisory LLC bought a new stake in ProShares Equities For Rising Rates ETF during the 4th quarter worth approximately $79,000.

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.