Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) Sees Significant Decline in Short Interest

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of EQRR. Sanctuary Advisors LLC acquired a new position in shares of Proshares Equities For Rising Rates ETF in the 2nd quarter valued at $391,000. KPP Advisory Services LLC lifted its position in Proshares Equities For Rising Rates ETF by 3.6% during the 2nd quarter. KPP Advisory Services LLC now owns 10,307 shares of the company’s stock worth $601,000 after acquiring an additional 357 shares during the period. 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 Price Performance

NASDAQ EQRR traded up $0.14 during trading on Friday, hitting $59.71. The company’s stock had a trading volume of 150 shares, compared to its average volume of 495. Proshares Equities For Rising Rates ETF has a fifty-two week low of $51.41 and a fifty-two week high of $62.73. The company has a market cap of $12.54 million, a PE ratio of 12.11 and a beta of 1.36. The business’s 50 day simple moving average is $59.39 and its 200-day simple moving average is $58.48.

Proshares Equities For Rising Rates ETF Cuts Dividend

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

Proshares Equities For Rising Rates ETF Company Profile

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.