Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) Announces Dividend Increase – $0.34 Per Share

Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) declared a quarterly dividend on Tuesday, March 25th, NASDAQ Dividends reports. Stockholders of record on Wednesday, March 26th will be paid a dividend of 0.3409 per share on Tuesday, April 1st. This represents a $1.36 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend is Wednesday, March 26th. This is a 2.5% increase from Proshares Equities For Rising Rates ETF’s previous quarterly dividend of $0.33.

Proshares Equities For Rising Rates ETF Stock Performance

EQRR traded down $0.07 during trading hours on Wednesday, reaching $59.30. The company’s stock had a trading volume of 522 shares, compared to its average volume of 1,555. The company’s 50-day moving average is $59.11 and its 200-day moving average is $58.94. Proshares Equities For Rising Rates ETF has a 52 week low of $54.83 and a 52 week high of $62.73. The firm has a market cap of $12.45 million, a PE ratio of 15.34 and a beta of 1.36.

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.