Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) shares crossed 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 Price Performance

The firm 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 two-hundred day moving average price of $58.50.

Proshares Equities For Rising Rates ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 25th were given a dividend of $0.3249 per share. 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 Investors Weigh In On Proshares Equities For Rising Rates ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC raised its stake in Proshares Equities For Rising Rates ETF by 5,690.1% in 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 last quarter. KPP Advisory Services LLC lifted its position in Proshares Equities For Rising Rates ETF by 19.2% during the third quarter. KPP Advisory Services LLC now owns 12,283 shares of the company’s stock worth $711,000 after buying an additional 1,976 shares during the period. SG Americas Securities LLC grew its holdings in Proshares Equities For Rising Rates ETF by 88.3% in the 3rd quarter. SG Americas Securities LLC now owns 10,407 shares of the company’s stock valued at $603,000 after buying an additional 4,879 shares during the period. Finally, Sanctuary Advisors LLC purchased a new stake in Proshares Equities For Rising Rates ETF in the second quarter valued at approximately $391,000.

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.