ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) Short Interest Update

ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 5,435 shares, a growth of 340.1% from the July 30th total of 1,235 shares. Approximately 1.4% of the shares of the company are sold short. Based on an average trading volume of 2,905 shares, the days-to-cover ratio is presently 1.9 days.

ProShares Equities For Rising Rates ETF Trading Down 0.3%

Shares of ProShares Equities For Rising Rates ETF stock traded down $0.24 during trading on Wednesday, reaching $85.62. The company’s stock had a trading volume of 1,127 shares, compared to its average volume of 18,670. The company has a 50-day moving average price of $82.46 and a two-hundred day moving average price of $76.17. ProShares Equities For Rising Rates ETF has a fifty-two week low of $60.61 and a fifty-two week high of $87.84. The firm has a market cap of $34.25 million, a PE ratio of 16.51 and a beta of 0.90.

ProShares Equities For Rising Rates ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 24th were paid a dividend of $0.1981 per share. This represents a $0.79 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Wednesday, June 24th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Geneos Wealth Management Inc. acquired a new stake in shares of ProShares Equities For Rising Rates ETF in the 1st quarter valued at approximately $25,000. International Assets Investment Management LLC acquired a new position in ProShares Equities For Rising Rates ETF during the fourth quarter worth $31,000. Steward Partners Investment Advisory LLC purchased a new position in ProShares Equities For Rising Rates ETF in the fourth quarter worth $79,000. Griffin Asset Management Inc. purchased a new position in ProShares Equities For Rising Rates ETF in the first quarter worth $256,000. Finally, Royal Bank of Canada lifted its holdings in ProShares Equities For Rising Rates ETF by 17.2% in the fourth 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.