Short Interest in Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) Decreases By 6.5%

Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) saw a large decrease in short interest in 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 trading volume of 800 shares, the short-interest ratio is currently 3.6 days.

Proshares Equities For Rising Rates ETF Stock Up 0.2 %

Shares of NASDAQ EQRR traded up $0.14 during midday trading on Monday, reaching $59.71. 150 shares of the company’s stock traded hands, compared to its average volume of 495. The company has a market cap of $12.54 million, a price-to-earnings ratio of 12.11 and a beta of 1.36. The stock’s 50 day simple moving average is $59.39 and its 200-day simple moving average is $58.49. Proshares Equities For Rising Rates ETF has a one year low of $51.41 and a one 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. Shareholders of record on Monday, December 23rd were given a dividend of $0.303 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in EQRR. KPP Advisory Services LLC boosted its holdings in shares of Proshares Equities For Rising Rates ETF by 3.6% in the 2nd quarter. KPP Advisory Services LLC now owns 10,307 shares of the company’s stock valued at $601,000 after buying an additional 357 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in Proshares Equities For Rising Rates ETF in the second quarter valued at approximately $391,000. SG Americas Securities LLC grew its holdings in Proshares Equities For Rising Rates ETF by 88.3% in the third 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, International Assets Investment Management LLC increased its position in shares of Proshares Equities For Rising Rates ETF by 5,690.1% during the third 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 in the last quarter.

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.