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

ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 5,435 shares, an increase of 340.1% from the July 30th total of 1,235 shares. Approximately 1.4% of the company’s shares are sold short. Based on an average daily volume of 2,905 shares, the days-to-cover ratio is presently 1.9 days.

Institutional Trading of ProShares Equities For Rising Rates ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. acquired a new position in shares of ProShares Equities For Rising Rates ETF in the 1st quarter valued at $25,000. International Assets Investment Management LLC purchased a new stake in ProShares Equities For Rising Rates ETF in the fourth quarter valued at $31,000. Steward Partners Investment Advisory LLC acquired a new position in ProShares Equities For Rising Rates ETF in the fourth quarter valued at $79,000. Griffin Asset Management Inc. acquired a new position in ProShares Equities For Rising Rates ETF in the first quarter valued at $256,000. Finally, Royal Bank of Canada grew its holdings 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 worth $264,000 after purchasing an additional 600 shares during the last quarter.

ProShares Equities For Rising Rates ETF Stock Down 0.3%

NASDAQ:EQRR traded down $0.24 on Wednesday, reaching $85.62. 1,127 shares of the company’s stock were exchanged, compared to its average volume of 18,670. The firm has a market capitalization of $34.25 million, a price-to-earnings ratio of 16.51 and a beta of 0.90. ProShares Equities For Rising Rates ETF has a 52-week low of $60.61 and a 52-week high of $87.84. The business has a fifty day moving average of $82.46 and a 200-day moving average of $76.17.

ProShares Equities For Rising Rates ETF Announces Dividend

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

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.