ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) Short Interest Update

ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) saw a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 4,935 shares, a drop of 65.0% from the April 15th total of 14,080 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 13,468 shares, the days-to-cover ratio is presently 0.4 days.

ProShares Equities For Rising Rates ETF Price Performance

Shares of NASDAQ EQRR traded down $0.30 during midday trading on Friday, reaching $77.03. 15,807 shares of the company traded hands, compared to its average volume of 10,088. ProShares Equities For Rising Rates ETF has a 52 week low of $57.39 and a 52 week high of $77.53. The stock has a 50-day moving average price of $71.34 and a 200 day moving average price of $67.53. The company has a market cap of $45.45 million, a price-to-earnings ratio of 16.51 and a beta of 0.91.

ProShares Equities For Rising Rates ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th were paid a dividend of $0.2334 per share. This is an increase from ProShares Equities For Rising Rates ETF’s previous quarterly dividend of $0.22. This represents a $0.93 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Wednesday, March 25th.

Institutional Investors Weigh In On ProShares Equities For Rising Rates ETF

A number of hedge funds and other institutional investors have recently modified their holdings of EQRR. Geneos Wealth Management Inc. bought a new stake in shares of ProShares Equities For Rising Rates ETF during the first quarter valued at about $25,000. International Assets Investment Management LLC bought a new stake in shares of ProShares Equities For Rising Rates ETF during the fourth quarter valued at about $31,000. Steward Partners Investment Advisory LLC bought a new stake in shares of ProShares Equities For Rising Rates ETF during the fourth quarter valued at about $79,000. Griffin Asset Management Inc. bought a new stake in shares of ProShares Equities For Rising Rates ETF during the first quarter valued at about $256,000. Finally, Royal Bank of Canada raised its stake in shares of ProShares Equities For Rising Rates ETF by 17.2% during the fourth quarter. Royal Bank of Canada now owns 4,098 shares of the company’s stock valued at $264,000 after purchasing an additional 600 shares in the last quarter.

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.