ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) Short Interest Update

ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) saw a significant decrease in short interest in April. As of April 30th, there was short interest totaling 4,935 shares, a decrease of 65.0% from the April 15th total of 14,080 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average daily volume of 13,468 shares, the short-interest ratio is currently 0.4 days.

ProShares Equities For Rising Rates ETF Stock Up 1.1%

Shares of EQRR traded up $0.81 during mid-day trading on Thursday, reaching $77.33. The company’s stock had a trading volume of 8,769 shares, compared to its average volume of 10,027. The business has a fifty day moving average of $71.34 and a 200 day moving average of $67.53. The company has a market cap of $45.62 million, a price-to-earnings ratio of 16.51 and a beta of 0.91. ProShares Equities For Rising Rates ETF has a 1 year low of $57.39 and a 1 year high of $77.53.

ProShares Equities For Rising Rates ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th were issued a $0.2334 dividend. The ex-dividend date was Wednesday, March 25th. This is an increase from ProShares Equities For Rising Rates ETF’s previous quarterly dividend of $0.22. This represents a $0.93 dividend on an annualized basis and a dividend yield of 1.2%.

Institutional Trading of ProShares Equities For Rising Rates ETF

Hedge funds have recently modified their holdings of the business. Geneos Wealth Management Inc. purchased a new stake in shares of ProShares Equities For Rising Rates ETF in the first quarter valued at $25,000. International Assets Investment Management LLC acquired a new position in shares of ProShares Equities For Rising Rates ETF in the fourth quarter worth $31,000. Steward Partners Investment Advisory LLC acquired a new position in shares of ProShares Equities For Rising Rates ETF in the fourth quarter worth $79,000. Griffin Asset Management Inc. acquired a new position in shares of ProShares Equities For Rising Rates ETF in the first quarter worth $256,000. Finally, Royal Bank of Canada increased its stake in shares of ProShares Equities For Rising Rates ETF by 17.2% in the fourth quarter. Royal Bank of Canada now owns 4,098 shares of the company’s stock worth $264,000 after acquiring an additional 600 shares during the last quarter.

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.