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

ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 677 shares, a decline of 79.0% from the June 30th total of 3,220 shares. Based on an average daily trading volume, of 10,985 shares, the short-interest ratio is presently 0.1 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On ProShares Equities For Rising Rates ETF

Several large investors have recently made changes to their positions in EQRR. Royal Bank of Canada raised its stake in shares of ProShares Equities For Rising Rates ETF by 324.3% during the 1st quarter. Royal Bank of Canada now owns 9,686 shares of the company’s stock worth $572,000 after purchasing an additional 7,403 shares during the period. Citadel Advisors LLC grew its position in ProShares Equities For Rising Rates ETF by 11.9% during the third quarter. Citadel Advisors LLC now owns 7,826 shares of the company’s stock valued at $494,000 after buying an additional 831 shares during the period. Susquehanna International Group LLP increased its holdings in ProShares Equities For Rising Rates ETF by 63.1% during the third quarter. Susquehanna International Group LLP now owns 7,834 shares of the company’s stock worth $495,000 after buying an additional 3,032 shares during the last quarter. SG Americas Securities LLC increased its holdings in ProShares Equities For Rising Rates ETF by 223.1% during the fourth quarter. SG Americas Securities LLC now owns 23,978 shares of the company’s stock worth $1,543,000 after buying an additional 16,556 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in ProShares Equities For Rising Rates ETF in the fourth quarter worth about $31,000.

ProShares Equities For Rising Rates ETF Trading Up 0.2%

Shares of EQRR traded up $0.19 on Monday, reaching $80.98. 1,711 shares of the company’s stock traded hands, compared to its average volume of 20,977. The stock has a market cap of $32.39 million, a PE ratio of 16.51 and a beta of 0.90. The stock’s 50 day simple moving average is $80.13 and its two-hundred day simple moving average is $73.36. ProShares Equities For Rising Rates ETF has a 52-week low of $59.19 and a 52-week high of $82.53.

ProShares Equities For Rising Rates ETF Dividend Announcement

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

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.