ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) Stock Price Up 1.2% – Here’s Why

ProShares Equities For Rising Rates ETF (NASDAQ:EQRR)’s stock price traded up 1.2% during mid-day trading on Thursday . The stock traded as high as $68.89 and last traded at $68.9150. 497 shares changed hands during trading, an increase of 103% from the average session volume of 245 shares. The stock had previously closed at $68.07.

ProShares Equities For Rising Rates ETF Stock Performance

The stock has a 50-day simple moving average of $66.90 and a 200 day simple moving average of $64.31. The stock has a market capitalization of $11.58 million, a P/E ratio of 16.51 and a beta of 1.09.

ProShares Equities For Rising Rates ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 24th were given a $0.219 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Wednesday, December 24th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC bought a new stake in shares of ProShares Equities For Rising Rates ETF during the fourth quarter worth approximately $31,000. Royal Bank of Canada raised its position 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 valued at $264,000 after acquiring an additional 600 shares during the last quarter. Citadel Advisors LLC lifted its stake in shares of ProShares Equities For Rising Rates ETF by 11.9% in the 3rd quarter. Citadel Advisors LLC now owns 7,826 shares of the company’s stock valued at $494,000 after purchasing an additional 831 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in shares of ProShares Equities For Rising Rates ETF in the 4th quarter valued at $79,000. Finally, Susquehanna International Group LLP boosted its position in shares of ProShares Equities For Rising Rates ETF by 63.1% in the 3rd quarter. Susquehanna International Group LLP now owns 7,834 shares of the company’s stock worth $495,000 after purchasing an additional 3,032 shares during the last quarter.

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.