Short Interest in ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) Drops By 99.6%

ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 145 shares, a drop of 99.6% from the May 31st total of 38,827 shares. Based on an average daily volume of 72,979 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

ProShares Equities For Rising Rates ETF Price Performance

Shares of EQRR traded down $0.84 on Friday, reaching $79.20. 78,029 shares of the stock traded hands, compared to its average volume of 22,841. The firm has a market cap of $46.73 million, a price-to-earnings ratio of 16.51 and a beta of 0.91. ProShares Equities For Rising Rates ETF has a 12 month low of $59.00 and a 12 month high of $82.53. The stock’s 50-day moving average price is $77.84 and its 200-day moving average price is $71.10.

ProShares Equities For Rising Rates ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 24th will be paid a dividend of $0.1981 per share. The ex-dividend date is Wednesday, June 24th. This represents a $0.79 dividend on an annualized basis and a yield of 1.0%.

Hedge Funds Weigh In On ProShares Equities For Rising Rates ETF

Hedge funds have recently made changes to their positions in the business. Geneos Wealth Management Inc. acquired a new stake in shares of ProShares Equities For Rising Rates ETF during the 1st quarter valued at about $25,000. International Assets Investment Management LLC acquired a new position in ProShares Equities For Rising Rates ETF in the fourth quarter worth about $31,000. Steward Partners Investment Advisory LLC bought a new position in ProShares Equities For Rising Rates ETF during the fourth quarter worth about $79,000. Griffin Asset Management Inc. bought a new position in ProShares Equities For Rising Rates ETF during the first quarter worth about $256,000. Finally, Royal Bank of Canada boosted its holdings in ProShares Equities For Rising Rates ETF by 17.2% during the fourth quarter. Royal Bank of Canada now owns 4,098 shares of the company’s stock valued at $264,000 after purchasing an additional 600 shares in 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.