Short Interest in ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) Declines By 38.8%

ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totaling 3,018 shares, a drop of 38.8% from the April 30th total of 4,935 shares. Based on an average daily volume of 22,324 shares, the short-interest ratio is currently 0.1 days. Approximately 0.5% of the shares of the stock are sold short.

ProShares Equities For Rising Rates ETF Stock Down 1.3%

Shares of ProShares Equities For Rising Rates ETF stock traded down $1.03 during trading on Thursday, hitting $80.65. 3,235 shares of the stock traded hands, compared to its average volume of 13,000. The stock has a market cap of $47.58 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 $57.76 and a 52 week high of $82.38. The firm’s fifty day moving average is $74.31 and its 200-day moving average is $69.07.

ProShares Equities For Rising Rates ETF Increases Dividend

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

Hedge Funds Weigh In On ProShares Equities For Rising Rates ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Geneos Wealth Management Inc. bought a new stake in ProShares Equities For Rising Rates ETF in the first quarter worth $25,000. International Assets Investment Management LLC purchased a new position in shares of ProShares Equities For Rising Rates ETF in the fourth quarter worth about $31,000. Steward Partners Investment Advisory LLC bought a new stake in shares of ProShares Equities For Rising Rates ETF in the 4th quarter valued at about $79,000. Griffin Asset Management Inc. bought a new stake in shares of ProShares Equities For Rising Rates ETF in the 1st quarter valued at about $256,000. Finally, Royal Bank of Canada boosted its holdings in 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 period.

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.