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

ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 1,235 shares, an increase of 82.4% from the July 15th total of 677 shares. Based on an average trading volume of 2,825 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.3% of the company’s stock are sold short.

ProShares Equities For Rising Rates ETF Price Performance

Shares of EQRR traded up $0.03 during mid-day trading on Friday, hitting $87.60. 2,890 shares of the company’s stock were exchanged, compared to its average volume of 19,379. ProShares Equities For Rising Rates ETF has a 52 week low of $60.49 and a 52 week high of $87.84. The company has a market cap of $35.04 million, a PE ratio of 16.51 and a beta of 0.90. The company has a 50-day simple moving average of $81.61 and a 200 day simple moving average of $75.16.

ProShares Equities For Rising Rates ETF Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. acquired a new stake in ProShares Equities For Rising Rates ETF in the 1st quarter valued at $25,000. International Assets Investment Management LLC acquired a new position in shares of ProShares Equities For Rising Rates ETF during the 4th quarter worth about $31,000. Steward Partners Investment Advisory LLC acquired a new position in shares of ProShares Equities For Rising Rates ETF during the 4th quarter worth about $79,000. Griffin Asset Management Inc. bought a new position in shares of ProShares Equities For Rising Rates ETF in the 1st quarter valued at about $256,000. Finally, Royal Bank of Canada grew its holdings in shares of 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 acquiring an additional 600 shares in the last quarter.

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.