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

Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) saw a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 2,900 shares, a decrease of 6.5% from the December 15th total of 3,100 shares. Based on an average daily volume of 800 shares, the days-to-cover ratio is currently 3.6 days.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of EQRR. International Assets Investment Management LLC grew its stake in shares of 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 worth $2,933,000 after purchasing an additional 49,788 shares during the period. SG Americas Securities LLC boosted its holdings in Proshares Equities For Rising Rates ETF by 81.2% during the fourth quarter. SG Americas Securities LLC now owns 18,853 shares of the company’s stock worth $1,070,000 after buying an additional 8,446 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in Proshares Equities For Rising Rates ETF during the second quarter valued at $391,000. Finally, KPP Advisory Services LLC increased its holdings in Proshares Equities For Rising Rates ETF by 19.2% in the third 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 in the last quarter.

Proshares Equities For Rising Rates ETF Trading Up 0.2 %

EQRR traded up $0.14 during midday trading on Friday, hitting $59.71. 150 shares of the company were exchanged, compared to its average volume of 495. The firm has a market capitalization of $12.54 million, a price-to-earnings ratio of 12.11 and a beta of 1.36. The company’s 50 day simple moving average is $59.39 and its 200 day simple moving average is $58.48. Proshares Equities For Rising Rates ETF has a 1-year low of $51.41 and a 1-year high of $62.73.

Proshares Equities For Rising Rates ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a dividend of $0.303 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.