ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) Short Interest Update

ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totaling 3,018 shares, a drop of 38.8% from the April 30th total of 4,935 shares. Based on an average trading volume of 22,324 shares, the short-interest ratio is presently 0.1 days. Currently, 0.5% of the company’s stock are short sold.

ProShares Equities For Rising Rates ETF Price Performance

EQRR traded down $0.86 during trading on Wednesday, reaching $81.29. 1,122 shares of the stock traded hands, compared to its average volume of 13,023. The stock’s 50-day simple moving average is $73.83 and its two-hundred day simple moving average is $68.83. ProShares Equities For Rising Rates ETF has a fifty-two week low of $57.76 and a fifty-two week high of $82.38. The stock has a market cap of $47.96 million, a price-to-earnings ratio of 16.51 and a beta of 0.91.

ProShares Equities For Rising Rates ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th were paid a dividend of $0.2334 per share. This is a boost from ProShares Equities For Rising Rates ETF’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 1.1%.

Institutional Investors Weigh In On ProShares Equities For Rising Rates ETF

Several large investors have recently made changes to their positions in EQRR. SG Americas Securities LLC raised its position in ProShares Equities For Rising Rates ETF by 223.1% during the fourth quarter. SG Americas Securities LLC now owns 23,978 shares of the company’s stock valued at $1,543,000 after acquiring an additional 16,556 shares in the last quarter. Royal Bank of Canada grew its position in ProShares Equities For Rising Rates ETF by 324.3% in the first quarter. Royal Bank of Canada now owns 9,686 shares of the company’s stock worth $572,000 after acquiring an additional 7,403 shares in the last quarter. Susquehanna International Group LLP grew its position in 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 worth $495,000 after acquiring an additional 3,032 shares in the last quarter. Citadel Advisors LLC increased its stake in shares of 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 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 during the 1st quarter valued at $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.