Short Interest in ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) Drops By 79.0%

ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totaling 677 shares, a decline of 79.0% from the June 30th total of 3,220 shares. Based on an average daily volume of 10,985 shares, the short-interest ratio is currently 0.1 days. Approximately 0.2% of the company’s stock are short sold.

ProShares Equities For Rising Rates ETF Price Performance

ProShares Equities For Rising Rates ETF stock traded up $0.46 during trading hours on Friday, hitting $80.77. The company had a trading volume of 2,293 shares, compared to its average volume of 21,115. ProShares Equities For Rising Rates ETF has a fifty-two week low of $59.19 and a fifty-two week high of $82.53. The firm has a market capitalization of $32.31 million, a P/E ratio of 16.51 and a beta of 0.90. The firm’s fifty day moving average is $80.13 and its 200-day moving average is $73.31.

ProShares Equities For Rising Rates ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 24th were issued a dividend of $0.1981 per share. This represents a $0.79 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Wednesday, June 24th.

Institutional Trading of ProShares Equities For Rising Rates ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Independent Financial Group LLC acquired a new stake in ProShares Equities For Rising Rates ETF during the first quarter valued at $531,000. Geneos Wealth Management Inc. purchased a new position in ProShares Equities For Rising Rates ETF in the first quarter valued at about $25,000. Griffin Asset Management Inc. acquired a new position in ProShares Equities For Rising Rates ETF in the 1st quarter worth about $256,000. Money Concepts Capital Corp acquired a new position in ProShares Equities For Rising Rates ETF in the 1st quarter worth about $292,000. Finally, Royal Bank of Canada increased its position 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 worth $264,000 after purchasing an additional 600 shares during 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.