ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) Stock Price Up 1.2% – Here’s What Happened

ProShares Equities For Rising Rates ETF (NASDAQ:EQRR)’s share price shot up 1.2% during mid-day trading on Thursday . The stock traded as high as $68.89 and last traded at $68.9150. 497 shares changed hands during trading, an increase of 103% from the average session volume of 245 shares. The stock had previously closed at $68.07.

ProShares Equities For Rising Rates ETF Stock Up 1.2%

The stock has a market cap of $11.72 million, a PE ratio of 16.51 and a beta of 1.09. The firm has a fifty day moving average of $66.83 and a 200 day moving average of $64.25.

ProShares Equities For Rising Rates ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 24th were issued a dividend of $0.219 per share. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a $0.88 annualized dividend and a dividend yield of 1.3%.

Institutional Trading of ProShares Equities For Rising Rates ETF

Large investors have recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in shares of ProShares Equities For Rising Rates ETF during the fourth quarter worth approximately $31,000. Royal Bank of Canada increased its stake in ProShares Equities For Rising Rates ETF by 17.2% in the 4th quarter. Royal Bank of Canada now owns 4,098 shares of the company’s stock valued at $264,000 after buying an additional 600 shares during the period. Citadel Advisors LLC raised its position 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 buying an additional 831 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new position in ProShares Equities For Rising Rates ETF during the 4th quarter worth $79,000. Finally, Susquehanna International Group LLP lifted its stake in shares of ProShares Equities For Rising Rates ETF by 63.1% in the 3rd quarter. Susquehanna International Group LLP now owns 7,834 shares of the company’s stock worth $495,000 after acquiring an additional 3,032 shares during the period.

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.