Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) Sees Significant Decline in Short Interest

Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) was the recipient of a large decrease in short interest in October. As of October 31st, there was short interest totalling 2,900 shares, a decrease of 6.5% from the October 15th total of 3,100 shares. Based on an average daily volume of 1,000 shares, the short-interest ratio is currently 2.9 days.

Proshares Equities For Rising Rates ETF Stock Performance

Shares of Proshares Equities For Rising Rates ETF stock opened at $61.45 on Tuesday. The stock has a market cap of $14.75 million, a P/E ratio of 12.11 and a beta of 1.36. The stock’s fifty day moving average is $58.68 and its 200 day moving average is $58.40. Proshares Equities For Rising Rates ETF has a one year low of $50.03 and a one year high of $62.26.

Proshares Equities For Rising Rates ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 25th were paid a $0.3249 dividend. The ex-dividend date was Wednesday, September 25th. This is an increase from Proshares Equities For Rising Rates ETF’s previous dividend of $0.27.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. KPP Advisory Services LLC lifted its holdings in Proshares Equities For Rising Rates ETF by 3.6% during the second quarter. KPP Advisory Services LLC now owns 10,307 shares of the company’s stock valued at $601,000 after purchasing an additional 357 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Proshares Equities For Rising Rates ETF during the 2nd quarter valued at $51,000. SG Americas Securities LLC lifted its stake in shares of Proshares Equities For Rising Rates ETF by 28.4% during the 1st quarter. SG Americas Securities LLC now owns 5,775 shares of the company’s stock valued at $354,000 after buying an additional 1,276 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in Proshares Equities For Rising Rates ETF in the 2nd quarter worth $391,000.

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.