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

ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 2,197 shares, a decrease of 59.6% from the August 15th total of 5,435 shares. Based on an average daily volume of 4,777 shares, the short-interest ratio is presently 0.5 days. Approximately 0.5% of the company’s stock are short sold.

Hedge Funds Weigh In On ProShares Equities For Rising Rates ETF

Several institutional investors have recently modified their holdings of the business. Geneos Wealth Management Inc. bought a new stake in ProShares Equities For Rising Rates ETF in the first quarter worth about $25,000. International Assets Investment Management LLC bought a new stake in ProShares Equities For Rising Rates ETF during the 4th quarter worth approximately $31,000. Royal Bank of Canada increased its stake in ProShares Equities For Rising Rates ETF by 17.2% in the 4th quarter. Royal Bank of Canada now owns 4,098 shares of the company’s stock worth $264,000 after acquiring an additional 600 shares during the last quarter. Citadel Advisors LLC lifted its stake in ProShares Equities For Rising Rates ETF by 11.9% during the third quarter. Citadel Advisors LLC now owns 7,826 shares of the company’s stock worth $494,000 after purchasing an additional 831 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC purchased a new stake in ProShares Equities For Rising Rates ETF in the fourth quarter worth approximately $79,000.

ProShares Equities For Rising Rates ETF Stock Performance

NASDAQ:EQRR opened at $86.87 on Friday. The firm has a market cap of $34.75 million, a price-to-earnings 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. The firm has a 50-day moving average price of $84.20 and a two-hundred day moving average price of $77.79.

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.