ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) Sees Significant Increase in Short Interest

ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 38,827 shares, a growth of 1,186.5% from the May 14th total of 3,018 shares. Approximately 6.6% of the company’s stock are short sold. Based on an average trading volume of 39,848 shares, the short-interest ratio is presently 1.0 days.

ProShares Equities For Rising Rates ETF Stock Down 0.9%

EQRR stock traded down $0.73 during trading hours on Tuesday, hitting $79.30. The company’s stock had a trading volume of 46,392 shares, compared to its average volume of 14,232. The company has a market capitalization of $46.79 million, a PE ratio of 16.51 and a beta of 0.91. ProShares Equities For Rising Rates ETF has a 12 month low of $58.13 and a 12 month high of $82.38. The stock has a 50 day moving average price of $75.16 and a two-hundred day moving average price of $69.57.

ProShares Equities For Rising Rates ETF Increases Dividend

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

Institutional Trading of ProShares Equities For Rising Rates ETF

Several large investors have recently modified their holdings of the company. Independent Financial Group LLC bought a new stake in shares of ProShares Equities For Rising Rates ETF during the 1st quarter worth $531,000. Geneos Wealth Management Inc. bought a new stake in shares of ProShares Equities For Rising Rates ETF during the 1st quarter worth $25,000. Griffin Asset Management Inc. bought a new stake in shares of ProShares Equities For Rising Rates ETF during the 1st quarter worth $256,000. Money Concepts Capital Corp bought a new stake in shares of ProShares Equities For Rising Rates ETF during the 1st quarter worth $292,000. Finally, Royal Bank of Canada boosted its holdings in shares of ProShares Equities For Rising Rates ETF by 17.2% during the 4th quarter. Royal Bank of Canada now owns 4,098 shares of the company’s stock worth $264,000 after buying an additional 600 shares during the period.

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.