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

ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 1,235 shares, a growth of 82.4% from the July 15th total of 677 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 2,825 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On ProShares Equities For Rising Rates ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in EQRR. Geneos Wealth Management Inc. acquired a new position in ProShares Equities For Rising Rates ETF in the 1st quarter worth $25,000. International Assets Investment Management LLC acquired 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 position in shares of ProShares Equities For Rising Rates ETF during the fourth quarter worth about $79,000. Griffin Asset Management Inc. bought a new position in shares of ProShares Equities For Rising Rates ETF during the first quarter worth about $256,000. Finally, Royal Bank of Canada raised its position in ProShares Equities For Rising Rates ETF by 17.2% in the 4th 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.

ProShares Equities For Rising Rates ETF Stock Up 0.0%

NASDAQ EQRR traded up $0.03 during trading on Friday, reaching $87.60. 2,890 shares of the stock traded hands, compared to its average volume of 19,379. ProShares Equities For Rising Rates ETF has a fifty-two week low of $60.49 and a fifty-two week high of $87.84. The firm has a market cap of $35.04 million, a price-to-earnings ratio of 16.51 and a beta of 0.90. The stock’s 50-day moving average price is $81.61 and its 200 day moving average price is $75.16.

ProShares Equities For Rising Rates ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Wednesday, June 24th were given a $0.1981 dividend. The ex-dividend date was Wednesday, June 24th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 0.9%.

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.