Short Interest in ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) Expands By 1,186.5%

ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 38,827 shares, a growth of 1,186.5% from the May 14th total of 3,018 shares. Currently, 6.6% of the shares of the company are sold short. Based on an average daily volume of 39,848 shares, the short-interest ratio is presently 1.0 days.

Hedge Funds Weigh In On ProShares Equities For Rising Rates ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC raised its stake in ProShares Equities For Rising Rates ETF by 223.1% during the fourth quarter. SG Americas Securities LLC now owns 23,978 shares of the company’s stock worth $1,543,000 after buying an additional 16,556 shares during the last quarter. Royal Bank of Canada raised its stake in ProShares Equities For Rising Rates ETF by 324.3% during the first quarter. Royal Bank of Canada now owns 9,686 shares of the company’s stock worth $572,000 after buying an additional 7,403 shares during the last quarter. Susquehanna International Group LLP raised its stake in ProShares Equities For Rising Rates ETF by 63.1% during the third quarter. Susquehanna International Group LLP now owns 7,834 shares of the company’s stock worth $495,000 after buying an additional 3,032 shares during the last quarter. Citadel Advisors LLC raised its stake in ProShares Equities For Rising Rates ETF by 11.9% during the third quarter. Citadel Advisors LLC now owns 7,826 shares of the company’s stock worth $494,000 after buying an additional 831 shares during the last quarter. Finally, Independent Financial Group LLC bought a new position in ProShares Equities For Rising Rates ETF during the first quarter worth $531,000.

ProShares Equities For Rising Rates ETF Trading Up 1.1%

Shares of ProShares Equities For Rising Rates ETF stock traded up $0.89 during trading on Thursday, hitting $79.86. 26,751 shares of the stock were exchanged, compared to its average volume of 18,448. The stock has a market capitalization of $47.12 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 $58.59 and a 1-year high of $82.38. The company has a fifty day moving average price of $75.37 and a 200-day moving average price of $69.70.

ProShares Equities For Rising Rates ETF Increases Dividend

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

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.