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

Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) was the recipient of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 2,900 shares, a drop 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 currently 2.9 days.

Proshares Equities For Rising Rates ETF Stock Performance

Shares of EQRR opened at $61.17 on Wednesday. The firm’s 50 day moving average price is $58.78 and its two-hundred day moving average price is $58.41. Proshares Equities For Rising Rates ETF has a twelve month low of $50.03 and a twelve month high of $62.26. The firm has a market cap of $14.68 million, a P/E ratio of 12.11 and a beta of 1.36.

Proshares Equities For Rising Rates ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, October 2nd. Investors of record on Wednesday, September 25th were given a $0.3249 dividend. This is a boost from Proshares Equities For Rising Rates ETF’s previous dividend of $0.27. The ex-dividend date was Wednesday, September 25th.

Hedge Funds Weigh In On Proshares Equities For Rising Rates ETF

A number of large investors have recently added to or reduced their stakes in EQRR. International Assets Investment Management LLC lifted its holdings in shares of Proshares Equities For Rising Rates ETF by 5,690.1% in the third 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. KPP Advisory Services LLC lifted its stake in Proshares Equities For Rising Rates ETF by 19.2% in the 3rd quarter. KPP Advisory Services LLC now owns 12,283 shares of the company’s stock valued at $711,000 after acquiring an additional 1,976 shares in the last quarter. SG Americas Securities LLC boosted its position in Proshares Equities For Rising Rates ETF by 88.3% during 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, Sanctuary Advisors LLC bought a new position in shares of Proshares Equities For Rising Rates ETF during the 2nd quarter worth approximately $391,000.

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.