ProShares Equities For Rising Rates ETF (NASDAQ:EQRR – Get Free Report) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 1,131 shares, a decline of 80.7% from the September 15th total of 5,854 shares. Based on an average trading volume of 13,669 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the shares of the company are sold short.
ProShares Equities For Rising Rates ETF Price Performance
Shares of NASDAQ:EQRR traded down $0.27 during trading on Monday, hitting $86.94. 10,096 shares of the company were exchanged, compared to its average volume of 17,391. The company has a market cap of $41.73 million, a PE ratio of 16.51 and a beta of 0.94. The stock has a 50 day moving average of $86.19 and a 200 day moving average of $80.37. ProShares Equities For Rising Rates ETF has a 52-week low of $60.61 and a 52-week high of $88.85.
Institutional Trading of ProShares Equities For Rising Rates ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. purchased a new stake in ProShares Equities For Rising Rates ETF during the 1st quarter worth about $25,000. Griffin Asset Management Inc. bought a new position in ProShares Equities For Rising Rates ETF in the 1st quarter worth about $256,000. Money Concepts Capital Corp purchased a new position in ProShares Equities For Rising Rates ETF during the 1st quarter valued at about $292,000. Envestnet Asset Management Inc. purchased a new position in ProShares Equities For Rising Rates ETF during the 2nd quarter valued at about $520,000. Finally, Independent Financial Group LLC purchased a new position in ProShares Equities For Rising Rates ETF during the 1st quarter valued at 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.
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