Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) Sees Large Drop in Short Interest

Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) was the recipient of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 2,900 shares, a decrease of 6.5% from the October 15th total of 3,100 shares. Based on an average trading volume of 1,000 shares, the days-to-cover ratio is presently 2.9 days.

Proshares Equities For Rising Rates ETF Stock Performance

EQRR opened at $61.17 on Wednesday. Proshares Equities For Rising Rates ETF has a 52-week low of $50.03 and a 52-week high of $62.26. The firm has a market cap of $14.68 million, a P/E ratio of 12.11 and a beta of 1.36. The business’s fifty day moving average is $58.78 and its 200-day moving average is $58.41.

Proshares Equities For Rising Rates ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 25th were paid a dividend of $0.3249 per share. This is an increase from Proshares Equities For Rising Rates ETF’s previous dividend of $0.27. The ex-dividend date was Wednesday, September 25th.

Hedge Funds Weigh In On Proshares Equities For Rising Rates ETF

Hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC boosted its position in shares of Proshares Equities For Rising Rates ETF by 28.4% during the 1st quarter. SG Americas Securities LLC now owns 5,775 shares of the company’s stock worth $354,000 after acquiring an additional 1,276 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Proshares Equities For Rising Rates ETF in the 2nd quarter valued at $51,000. KPP Advisory Services LLC increased its stake in shares of Proshares Equities For Rising Rates ETF by 3.6% in the 2nd quarter. KPP Advisory Services LLC now owns 10,307 shares of the company’s stock valued at $601,000 after purchasing an additional 357 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of Proshares Equities For Rising Rates ETF in the 2nd quarter valued at $391,000.

Proshares Equities For Rising Rates ETF Company Profile

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.