ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) Sees Large Growth in Short Interest

ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 5,854 shares, a growth of 166.5% from the August 31st total of 2,197 shares. Based on an average trading volume of 10,351 shares, the short-interest ratio is presently 0.6 days. Currently, 1.3% of the company’s shares are short sold.

ProShares Equities For Rising Rates ETF Stock Up 0.1%

EQRR traded up $0.10 during trading hours on Monday, reaching $84.78. 10,120 shares of the company’s stock traded hands, compared to its average volume of 17,816. The firm has a 50-day moving average price of $85.26 and a 200 day moving average price of $79.14. The firm has a market capitalization of $37.30 million, a PE 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.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. bought a new position in ProShares Equities For Rising Rates ETF during the 2nd quarter worth about $520,000. Citadel Advisors LLC purchased a new stake in shares of ProShares Equities For Rising Rates ETF during the 2nd quarter valued at $1,373,000. Independent Financial Group LLC acquired a new stake in ProShares Equities For Rising Rates ETF in the first quarter worth about $531,000. Geneos Wealth Management Inc. purchased a new stake in ProShares Equities For Rising Rates ETF during the 1st quarter worth approximately $25,000. Finally, Griffin Asset Management Inc. purchased a new stake in shares of ProShares Equities For Rising Rates ETF during the first quarter valued at $256,000.

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.