Short Interest in Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) Drops By 6.5%

Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) was the target of a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 2,900 shares, a decline of 6.5% from the December 15th total of 3,100 shares. Based on an average trading volume of 800 shares, the short-interest ratio is currently 3.6 days.

Institutional Investors Weigh In On Proshares Equities For Rising Rates ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. KPP Advisory Services LLC grew its holdings in shares of 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 buying an additional 357 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Proshares Equities For Rising Rates ETF during the 2nd quarter worth about $391,000. SG Americas Securities LLC grew its stake in Proshares Equities For Rising Rates ETF by 88.3% during the 3rd quarter. SG Americas Securities LLC now owns 10,407 shares of the company’s stock valued at $603,000 after purchasing an additional 4,879 shares during the last quarter. Finally, International Assets Investment Management LLC increased its holdings in shares of Proshares Equities For Rising Rates ETF by 5,690.1% in the third quarter. International Assets Investment Management LLC now owns 50,663 shares of the company’s stock valued at $2,933,000 after purchasing an additional 49,788 shares during the period.

Proshares Equities For Rising Rates ETF Stock Up 0.2 %

Shares of EQRR traded up $0.14 during mid-day trading on Monday, hitting $59.71. 150 shares of the company traded hands, compared to its average volume of 495. The company has a market capitalization of $12.54 million, a PE ratio of 12.11 and a beta of 1.36. The business has a 50 day moving average of $59.39 and a 200 day moving average of $58.49. Proshares Equities For Rising Rates ETF has a 1-year low of $51.41 and a 1-year high of $62.73.

Proshares Equities For Rising Rates ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a dividend of $0.303 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.