Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) Sees Large Decline in Short Interest

Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) was the recipient of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 2,900 shares, a decline of 6.5% from the October 15th total of 3,100 shares. Based on an average daily trading volume, of 1,000 shares, the short-interest ratio is presently 2.9 days.

Proshares Equities For Rising Rates ETF Price Performance

Proshares Equities For Rising Rates ETF stock opened at $61.45 on Tuesday. Proshares Equities For Rising Rates ETF has a 1-year low of $50.03 and a 1-year high of $62.26. The business has a fifty day moving average price of $58.68 and a 200-day moving average price of $58.40. The stock has a market capitalization of $14.75 million, a price-to-earnings ratio of 12.11 and a beta of 1.36.

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 issued a $0.3249 dividend. The ex-dividend date of this dividend was Wednesday, September 25th. This is an increase from Proshares Equities For Rising Rates ETF’s previous dividend of $0.27.

Hedge Funds Weigh In On Proshares Equities For Rising Rates ETF

Several hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC increased its stake 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 in the last quarter. Sanctuary Advisors LLC purchased a new position in Proshares Equities For Rising Rates ETF in the 2nd quarter worth $391,000. SG Americas Securities LLC raised its stake 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 worth $603,000 after acquiring an additional 4,879 shares during the last quarter. Finally, KPP Advisory Services LLC lifted its position in Proshares Equities For Rising Rates ETF by 19.2% during the 3rd quarter. KPP Advisory Services LLC now owns 12,283 shares of the company’s stock worth $711,000 after acquiring an additional 1,976 shares during the period.

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.