Short Interest in ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) Rises By 18.1%

ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) saw a large increase in short interest in March. As of March 13th, there was short interest totaling 3,387 shares, an increase of 18.1% from the February 26th total of 2,869 shares. Based on an average daily volume of 807 shares, the short-interest ratio is currently 4.2 days. Approximately 2.0% of the company’s stock are short sold.

ProShares Equities For Rising Rates ETF Stock Down 0.7%

Shares of ProShares Equities For Rising Rates ETF stock traded down $0.47 on Wednesday, hitting $69.05. 22,639 shares of the company’s stock traded hands, compared to its average volume of 5,243. ProShares Equities For Rising Rates ETF has a 52-week low of $50.65 and a 52-week high of $71.00. The stock has a market cap of $11.74 million, a P/E ratio of 16.51 and a beta of 1.09. The firm’s 50-day moving average is $68.11 and its 200 day moving average is $65.32.

ProShares Equities For Rising Rates ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were paid a dividend of $0.2334 per share. This is a positive change from ProShares Equities For Rising Rates ETF’s previous quarterly dividend of $0.22. The ex-dividend date was Wednesday, March 25th. This represents a $0.93 dividend on an annualized basis and a yield of 1.4%.

Institutional Investors Weigh In On ProShares Equities For Rising Rates ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC bought a new position in shares of ProShares Equities For Rising Rates ETF during the fourth quarter worth about $31,000. Steward Partners Investment Advisory LLC bought a new stake in ProShares Equities For Rising Rates ETF in the fourth quarter valued at about $79,000. Royal Bank of Canada increased 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 buying an additional 600 shares during the last quarter. Citadel Advisors LLC raised its stake 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 in the last quarter. Finally, Susquehanna International Group LLP raised its stake 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 valued at $495,000 after buying an additional 3,032 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.