Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) Short Interest Down 65.5% in April

Proshares Equities For Rising Rates ETF (NASDAQ:EQRRGet Free Report) saw a large decline in short interest during the month of April. As of April 30th, there was short interest totalling 2,900 shares, a decline of 65.5% from the April 15th total of 8,400 shares. Based on an average trading volume of 2,600 shares, the short-interest ratio is presently 1.1 days.

Hedge Funds Weigh In On Proshares Equities For Rising Rates ETF

A number of institutional investors and hedge funds have recently made changes to their positions in EQRR. International Assets Investment Management LLC lifted its holdings in shares of Proshares Equities For Rising Rates ETF by 5,280.9% in the 4th quarter. International Assets Investment Management LLC now owns 47,083 shares of the company’s stock valued at $2,534,000 after acquiring an additional 46,208 shares during the last quarter. Cary Street Partners Investment Advisory LLC purchased a new position in shares of Proshares Equities For Rising Rates ETF in the 4th quarter worth approximately $956,000. KPP Advisory Services LLC purchased a new position in shares of Proshares Equities For Rising Rates ETF in the 3rd quarter worth approximately $581,000. SG Americas Securities LLC increased its position 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 purchasing an additional 1,276 shares during the last quarter. Finally, Raymond James & Associates raised its holdings in Proshares Equities For Rising Rates ETF by 5.9% during the 4th quarter. Raymond James & Associates now owns 4,986 shares of the company’s stock valued at $268,000 after buying an additional 278 shares during the period.

Proshares Equities For Rising Rates ETF Stock Performance

Shares of EQRR traded up $0.14 during mid-day trading on Monday, hitting $60.00. 217 shares of the stock were exchanged, compared to its average volume of 2,272. The company has a market cap of $20.40 million, a PE ratio of 12.11 and a beta of 1.36. Proshares Equities For Rising Rates ETF has a 52-week low of $45.18 and a 52-week high of $62.26. The firm has a 50-day moving average of $59.73 and a two-hundred day moving average of $55.06.

Proshares Equities For Rising Rates ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Wednesday, March 27th. Shareholders of record on Thursday, March 21st were given a dividend of $0.2683 per share. The ex-dividend date was Wednesday, March 20th.

Proshares Equities For Rising Rates ETF Company Profile

(Get Free Report)

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.

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