Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) Shares Pass Above 200 Day Moving Average – Should You Sell?

Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $58.60 and traded as high as $61.20. Proshares Equities For Rising Rates ETF shares last traded at $61.20, with a volume of 585 shares.

Proshares Equities For Rising Rates ETF Stock Performance

The stock has a market capitalization of $14.52 million, a PE ratio of 12.11 and a beta of 1.36. The company’s 50-day moving average price is $59.93 and its 200 day moving average price is $58.63.

Proshares Equities For Rising Rates ETF Increases Dividend

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

Hedge Funds Weigh In On Proshares Equities For Rising Rates ETF

Large investors have recently made changes to their positions in the business. International Assets Investment Management LLC bought a new stake in shares of Proshares Equities For Rising Rates ETF in the 2nd quarter worth about $51,000. Sanctuary Advisors LLC bought a new stake in shares of Proshares Equities For Rising Rates ETF in the 2nd quarter valued at about $391,000. KPP Advisory Services LLC grew its holdings in Proshares Equities For Rising Rates ETF by 3.6% in the second quarter. KPP Advisory Services LLC now owns 10,307 shares of the company’s stock worth $601,000 after purchasing an additional 357 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in Proshares Equities For Rising Rates ETF by 88.3% in the third quarter. SG Americas Securities LLC now owns 10,407 shares of the company’s stock valued at $603,000 after buying an additional 4,879 shares during 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.