ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) Increases Dividend to $0.23 Per Share

ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) announced a quarterly dividend on Tuesday, March 24th, NASDAQ Dividends reports. Shareholders of record on Wednesday, March 25th will be paid a dividend of 0.2334 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, March 25th. This is a 6.6% increase from ProShares Equities For Rising Rates ETF’s previous quarterly dividend of $0.22.

ProShares Equities For Rising Rates ETF Stock Performance

Shares of EQRR remained flat at $69.74 during mid-day trading on Wednesday. 140 shares of the stock were exchanged, compared to its average volume of 374. The stock has a market cap of $11.86 million, a price-to-earnings ratio of 16.51 and a beta of 1.09. The firm has a 50-day moving average of $67.80 and a two-hundred day moving average of $65.10. ProShares Equities For Rising Rates ETF has a 12 month low of $50.65 and a 12 month high of $69.94.

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.