Proshares Equities For Rising Rates ETF (NASDAQ:EQRR – Get Free Report) traded down 0.7% on Tuesday . The stock traded as low as $58.97 and last traded at $58.97. 902 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 2,500 shares. The stock had previously closed at $59.37.
Proshares Equities For Rising Rates ETF Stock Performance
The stock has a market capitalization of $19.77 million, a P/E ratio of 12.11 and a beta of 1.36. The stock has a 50-day moving average price of $59.10 and a two-hundred day moving average price of $57.14.
Proshares Equities For Rising Rates ETF Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 26th will be issued a $0.3327 dividend. This represents a $1.33 annualized dividend and a yield of 2.29%. The ex-dividend date is Wednesday, June 26th.
Hedge Funds Weigh In On Proshares Equities For Rising Rates ETF
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.
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