Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) Shares Down 0.7%

Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) shares dropped 0.7% on Tuesday . The stock traded as low as $58.97 and last traded at $58.97. Approximately 902 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 2,500 shares. The stock had previously closed at $59.37.

Proshares Equities For Rising Rates ETF Price Performance

The company has a market capitalization of $19.77 million, a P/E ratio of 12.11 and a beta of 1.36. The stock’s fifty day simple moving average is $59.10 and its 200-day simple moving average is $57.14.

Proshares Equities For Rising Rates ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 26th will be issued a dividend of $0.3327 per share. The ex-dividend date of this dividend is Wednesday, June 26th. This represents a $1.33 annualized dividend and a dividend yield of 2.29%.

Hedge Funds Weigh In On Proshares Equities For Rising Rates ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in EQRR. Raymond James & Associates boosted its holdings in shares of Proshares Equities For Rising Rates ETF by 5.9% in the 4th quarter. Raymond James & Associates now owns 4,986 shares of the company’s stock worth $268,000 after acquiring an additional 278 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Proshares Equities For Rising Rates ETF by 28.4% during the first quarter. SG Americas Securities LLC now owns 5,775 shares of the company’s stock worth $354,000 after purchasing an additional 1,276 shares during the last quarter. KPP Advisory Services LLC acquired a new stake in shares of Proshares Equities For Rising Rates ETF in the third quarter valued at $581,000. Cary Street Partners Investment Advisory LLC bought a new position in shares of Proshares Equities For Rising Rates ETF in the fourth quarter valued at about $956,000. Finally, International Assets Investment Management LLC lifted its position in Proshares Equities For Rising Rates ETF by 5,280.9% during the 4th quarter. International Assets Investment Management LLC now owns 47,083 shares of the company’s stock worth $2,534,000 after buying an additional 46,208 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.