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

ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) was the target of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 4,935 shares, a drop of 65.0% from the April 15th total of 14,080 shares. Based on an average trading volume of 13,468 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.8% of the company’s shares are short sold.

ProShares Equities For Rising Rates ETF Stock Down 0.4%

Shares of EQRR traded down $0.30 during midday trading on Friday, reaching $77.03. The company had a trading volume of 15,807 shares, compared to its average volume of 10,088. ProShares Equities For Rising Rates ETF has a 1-year low of $57.39 and a 1-year high of $77.53. The stock has a market cap of $45.45 million, a PE ratio of 16.51 and a beta of 0.91. The firm has a 50 day simple moving average of $71.53 and a 200-day simple moving average of $67.59.

ProShares Equities For Rising Rates ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were paid a $0.2334 dividend. 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 1.2%.

Institutional Trading of ProShares Equities For Rising Rates ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Independent Financial Group LLC acquired a new stake in shares of ProShares Equities For Rising Rates ETF during the 1st quarter worth about $531,000. Geneos Wealth Management Inc. acquired a new stake in shares of ProShares Equities For Rising Rates ETF during the 1st quarter worth about $25,000. Griffin Asset Management Inc. acquired a new stake in shares of ProShares Equities For Rising Rates ETF during the 1st quarter worth about $256,000. Money Concepts Capital Corp acquired a new stake in shares of ProShares Equities For Rising Rates ETF during the 1st quarter worth about $292,000. Finally, Royal Bank of Canada increased its position in shares of ProShares Equities For Rising Rates ETF by 17.2% during the 4th quarter. Royal Bank of Canada now owns 4,098 shares of the company’s stock worth $264,000 after purchasing an additional 600 shares during the last quarter.

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.