ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) Shares Down 2.4% – Time to Sell?

ProShares Equities For Rising Rates ETF (NASDAQ:EQRR)’s stock price were down 2.4% on Thursday . The stock traded as low as $66.75 and last traded at $66.7140. Approximately 58 shares changed hands during trading, a decline of 80% from the average daily volume of 286 shares. The stock had previously closed at $68.32.

ProShares Equities For Rising Rates ETF Stock Down 2.4%

The firm has a market capitalization of $11.34 million, a price-to-earnings ratio of 16.51 and a beta of 1.09. The firm’s 50 day moving average is $65.70 and its 200 day moving average is $63.44.

ProShares Equities For Rising Rates ETF Cuts Dividend

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

Institutional Investors Weigh In On ProShares Equities For Rising Rates ETF

Hedge funds have recently made changes to their positions in the company. Susquehanna International Group LLP increased its position in ProShares Equities For Rising Rates ETF by 63.1% during the third quarter. Susquehanna International Group LLP now owns 7,834 shares of the company’s stock worth $495,000 after buying an additional 3,032 shares during the last quarter. Citadel Advisors LLC lifted its holdings 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 purchasing an additional 831 shares during the last quarter. Royal Bank of Canada boosted 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 purchasing an additional 7,403 shares during the period. International Assets Investment Management LLC acquired a new position in ProShares Equities For Rising Rates ETF during the fourth quarter valued at approximately $31,000. Finally, 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 valued at $1,543,000 after purchasing an additional 16,556 shares during the period.

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.