ProShares Equities For Rising Rates ETF (NASDAQ:EQRR – Get Free Report) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 2,197 shares, a decline of 59.6% from the August 15th total of 5,435 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 4,777 shares, the short-interest ratio is currently 0.5 days.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the stock. Citadel Advisors LLC purchased a new stake in ProShares Equities For Rising Rates ETF in the 2nd quarter valued at $1,373,000. Royal Bank of Canada boosted 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 last quarter. Susquehanna International Group LLP boosted 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 last quarter. Independent Financial Group LLC bought a new stake in shares of ProShares Equities For Rising Rates ETF in the 1st quarter worth $531,000. Finally, Money Concepts Capital Corp bought a new stake in shares of ProShares Equities For Rising Rates ETF in the 1st quarter worth $292,000.
ProShares Equities For Rising Rates ETF Stock Performance
Shares of EQRR opened at $86.87 on Friday. The stock has a 50 day moving average price of $84.20 and a two-hundred day moving average price of $77.79. The firm has a market capitalization of $34.75 million, a P/E ratio of 16.51 and a beta of 0.91. ProShares Equities For Rising Rates ETF has a 52 week low of $60.61 and a 52 week high of $88.85.
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.
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