ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) Shares Up 1.2% – Should You Buy?

ProShares Equities For Rising Rates ETF (NASDAQ:EQRR)’s share price were up 1.2% during mid-day trading on Thursday . The company traded as high as $68.89 and last traded at $68.9150. Approximately 497 shares were traded during trading, an increase of 103% from the average daily volume of 245 shares. The stock had previously closed at $68.07.

ProShares Equities For Rising Rates ETF Price Performance

The stock’s 50-day moving average is $66.83 and its 200 day moving average is $64.25. The stock has a market cap of $11.72 million, a price-to-earnings ratio of 16.51 and a beta of 1.09.

ProShares Equities For Rising Rates ETF Cuts Dividend

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

Hedge Funds Weigh In On ProShares Equities For Rising Rates ETF

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