ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) Short Interest Up 340.1% in August

ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 5,435 shares, an increase of 340.1% from the July 30th total of 1,235 shares. Currently, 1.4% of the shares of the stock are sold short. Based on an average daily volume of 2,905 shares, the days-to-cover ratio is presently 1.9 days.

ProShares Equities For Rising Rates ETF Stock Up 1.4%

Shares of NASDAQ:EQRR traded up $1.22 during midday trading on Thursday, reaching $87.43. The company’s stock had a trading volume of 2,605 shares, compared to its average volume of 18,585. The firm has a market cap of $34.10 million, a price-to-earnings ratio of 16.51 and a beta of 0.90. ProShares Equities For Rising Rates ETF has a 1 year low of $60.61 and a 1 year high of $87.84. The business has a 50 day moving average price of $82.70 and a 200 day moving average price of $76.44.

ProShares Equities For Rising Rates ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 24th were issued a $0.1981 dividend. The ex-dividend date was Wednesday, June 24th. This represents a $0.79 annualized dividend and a yield of 0.9%.

Institutional Investors Weigh In On ProShares Equities For Rising Rates ETF

A number of institutional investors have recently bought and sold shares of EQRR. Geneos Wealth Management Inc. purchased a new position in shares of ProShares Equities For Rising Rates ETF in the 1st quarter valued at $25,000. International Assets Investment Management LLC purchased a new stake in ProShares Equities For Rising Rates ETF during the 4th quarter worth $31,000. Royal Bank of Canada increased its holdings 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 purchasing an additional 600 shares in the last quarter. Citadel Advisors LLC increased 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 valued at $494,000 after purchasing an additional 831 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC purchased a new position in ProShares Equities For Rising Rates ETF in the fourth quarter valued at about $79,000.

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.