ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) Sees Large Decline in Short Interest

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 trading volume of 72,979 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC raised its position in shares of ProShares Equities For Rising Rates ETF by 223.1% in the fourth quarter. SG Americas Securities LLC now owns 23,978 shares of the company’s stock worth $1,543,000 after buying 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% during the first quarter. Royal Bank of Canada now owns 9,686 shares of the company’s stock worth $572,000 after buying an additional 7,403 shares in the last quarter. Susquehanna International Group LLP increased its stake in 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 last quarter. Citadel Advisors LLC increased its stake in ProShares Equities For Rising Rates ETF by 11.9% in the 3rd quarter. Citadel Advisors LLC now owns 7,826 shares of the company’s stock worth $494,000 after acquiring an additional 831 shares during the last quarter. Finally, Independent Financial Group LLC bought a new position in ProShares Equities For Rising Rates ETF in the 1st quarter worth about $531,000.

ProShares Equities For Rising Rates ETF Stock Down 1.0%

NASDAQ:EQRR traded down $0.81 during mid-day trading on Friday, hitting $79.23. 6,400 shares of the stock traded hands, compared to its average volume of 22,208. The business’s 50-day moving average price is $77.71 and its 200 day moving average price is $71.04. The company has a market cap of $46.75 million, a PE ratio of 16.51 and a beta of 0.91. ProShares Equities For Rising Rates ETF has a 12-month low of $59.00 and a 12-month high of $82.53.

ProShares Equities For Rising Rates ETF Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 24th will be issued 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.

About ProShares Equities For Rising Rates ETF

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.