ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) Sees Large Growth in Short Interest

ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 3,220 shares, a growth of 2,120.7% from the June 15th total of 145 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average trading volume of 71,242 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. purchased a new position in shares of ProShares Equities For Rising Rates ETF during the 1st quarter valued at about $25,000. International Assets Investment Management LLC purchased a new stake in ProShares Equities For Rising Rates ETF in the 4th quarter worth approximately $31,000. Royal Bank of Canada raised its stake in ProShares Equities For Rising Rates ETF by 17.2% during the 4th 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 period. Citadel Advisors LLC raised its stake in ProShares Equities For Rising Rates ETF by 11.9% during the 3rd quarter. Citadel Advisors LLC now owns 7,826 shares of the company’s stock worth $494,000 after acquiring an additional 831 shares during the period. Finally, Steward Partners Investment Advisory LLC purchased a new position in ProShares Equities For Rising Rates ETF during the fourth quarter valued at approximately $79,000.

ProShares Equities For Rising Rates ETF Stock Performance

Shares of EQRR stock traded down $0.05 during mid-day trading on Friday, reaching $80.77. 2,662 shares of the company’s stock traded hands, compared to its average volume of 22,555. The firm has a market capitalization of $32.31 million, a PE ratio of 16.51 and a beta of 0.90. ProShares Equities For Rising Rates ETF has a 12 month low of $59.19 and a 12 month high of $82.53. The firm has a 50 day moving average price of $79.14 and a two-hundred day moving average price of $72.17.

ProShares Equities For Rising Rates ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 24th were issued a dividend of $0.1981 per share. This represents a $0.79 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Wednesday, June 24th.

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.