ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) Short Interest Down 99.6% in June

ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 145 shares, a drop of 99.6% from the May 31st total of 38,827 shares. Based on an average daily trading volume, of 72,979 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

ProShares Equities For Rising Rates ETF Stock Up 1.1%

Shares of ProShares Equities For Rising Rates ETF stock traded up $0.84 during midday trading on Thursday, hitting $80.04. The company’s stock had a trading volume of 18,074 shares, compared to its average volume of 22,381. ProShares Equities For Rising Rates ETF has a 1-year low of $59.00 and a 1-year high of $82.53. The firm has a market capitalization of $47.22 million, a P/E ratio of 16.51 and a beta of 0.91. The stock has a 50-day simple moving average of $77.71 and a 200-day simple moving average of $71.04.

ProShares Equities For Rising Rates ETF Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 24th will be given a $0.1981 dividend. This represents a $0.79 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, June 24th.

Hedge Funds Weigh In On ProShares Equities For Rising Rates ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC raised its holdings in ProShares Equities For Rising Rates ETF by 223.1% in the 4th quarter. SG Americas Securities LLC now owns 23,978 shares of the company’s stock worth $1,543,000 after acquiring an additional 16,556 shares during the period. Royal Bank of Canada boosted its holdings 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 valued at $572,000 after acquiring an additional 7,403 shares during the period. Susquehanna International Group LLP grew its position in shares of ProShares Equities For Rising Rates ETF by 63.1% in the third quarter. Susquehanna International Group LLP now owns 7,834 shares of the company’s stock valued at $495,000 after purchasing an additional 3,032 shares during the last quarter. Citadel Advisors LLC grew its position in shares of ProShares Equities For Rising Rates ETF by 11.9% in the third quarter. Citadel Advisors LLC now owns 7,826 shares of the company’s stock valued at $494,000 after purchasing an additional 831 shares during the last quarter. Finally, Independent Financial Group LLC bought a new position in shares of ProShares Equities For Rising Rates ETF in the first quarter worth about $531,000.

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.