ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) Shares Down 2.4% – What’s Next?

ProShares Equities For Rising Rates ETF (NASDAQ:EQRR)’s stock price dropped 2.4% during mid-day trading on Thursday . The company traded as low as $66.75 and last traded at $66.7140. Approximately 58 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 286 shares. The stock had previously closed at $68.32.

ProShares Equities For Rising Rates ETF Price Performance

The company has a market capitalization of $11.34 million, a P/E ratio of 16.51 and a beta of 1.09. The stock’s fifty day simple moving average is $65.70 and its 200-day simple moving average is $63.44.

ProShares Equities For Rising Rates ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 24th were given a $0.219 dividend. This represents a $0.88 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Wednesday, December 24th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EQRR. International Assets Investment Management LLC bought a new position in shares of ProShares Equities For Rising Rates ETF during the 4th quarter worth approximately $31,000. Citadel Advisors LLC raised 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 worth $494,000 after acquiring an additional 831 shares in the last quarter. Susquehanna International Group LLP lifted its holdings in shares of ProShares Equities For Rising Rates ETF by 63.1% during the third quarter. Susquehanna International Group LLP now owns 7,834 shares of the company’s stock valued at $495,000 after acquiring an additional 3,032 shares during the period. Royal Bank of Canada lifted its holdings in shares of ProShares Equities For Rising Rates ETF by 324.3% during the first quarter. Royal Bank of Canada now owns 9,686 shares of the company’s stock valued at $572,000 after acquiring an additional 7,403 shares during the period. Finally, SG Americas Securities LLC boosted its stake in shares of ProShares Equities For Rising Rates ETF by 223.1% in the 4th quarter. SG Americas Securities LLC now owns 23,978 shares of the company’s stock valued at $1,543,000 after purchasing an additional 16,556 shares in the last quarter.

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.