Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) Share Price Passes Above 200-Day Moving Average – Here’s What Happened

Proshares Equities For Rising Rates ETF (NASDAQ:EQRR)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $58.49 and traded as high as $62.40. Proshares Equities For Rising Rates ETF shares last traded at $62.39, with a volume of 481 shares trading hands.

Proshares Equities For Rising Rates ETF Stock Up 0.1 %

The stock has a market capitalization of $14.99 million, a price-to-earnings ratio of 12.11 and a beta of 1.36. The stock has a 50 day moving average price of $59.33 and a 200 day moving average price of $58.50.

Proshares Equities For Rising Rates ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 25th were given a $0.3249 dividend. This is a boost from Proshares Equities For Rising Rates ETF’s previous dividend of $0.27. The ex-dividend date of this dividend was Wednesday, September 25th.

Institutional Trading of Proshares Equities For Rising Rates ETF

Several institutional investors have recently modified their holdings of EQRR. KPP Advisory Services LLC grew its position in shares of Proshares Equities For Rising Rates ETF by 19.2% in the 3rd quarter. KPP Advisory Services LLC now owns 12,283 shares of the company’s stock valued at $711,000 after buying an additional 1,976 shares during the last quarter. International Assets Investment Management LLC increased its position in Proshares Equities For Rising Rates ETF by 5,690.1% during the 3rd quarter. International Assets Investment Management LLC now owns 50,663 shares of the company’s stock valued at $2,933,000 after purchasing an additional 49,788 shares during the period. SG Americas Securities LLC raised its holdings in Proshares Equities For Rising Rates ETF by 88.3% during the 3rd quarter. SG Americas Securities LLC now owns 10,407 shares of the company’s stock worth $603,000 after purchasing an additional 4,879 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of Proshares Equities For Rising Rates ETF in the 2nd quarter worth approximately $391,000.

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.