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

Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) saw a large decline in short interest in December. As of December 31st, there was short interest totalling 2,900 shares, a decline of 6.5% from the December 15th total of 3,100 shares. Based on an average trading volume of 800 shares, the days-to-cover ratio is presently 3.6 days.

Proshares Equities For Rising Rates ETF Trading Up 0.2 %

EQRR traded up $0.14 during trading hours on Friday, hitting $59.71. 150 shares of the company’s stock were exchanged, compared to its average volume of 495. Proshares Equities For Rising Rates ETF has a 12-month low of $51.41 and a 12-month high of $62.73. The firm has a market cap of $12.54 million, a P/E ratio of 12.11 and a beta of 1.36. The firm has a 50 day moving average of $59.39 and a 200 day moving average of $58.48.

Proshares Equities For Rising Rates ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a $0.303 dividend. The ex-dividend date was Monday, December 23rd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of EQRR. International Assets Investment Management LLC raised its position 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 in the last quarter. SG Americas Securities LLC raised its holdings in Proshares Equities For Rising Rates ETF by 81.2% in the fourth quarter. SG Americas Securities LLC now owns 18,853 shares of the company’s stock valued at $1,070,000 after acquiring an additional 8,446 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in Proshares Equities For Rising Rates ETF in the second quarter worth approximately $391,000. Finally, KPP Advisory Services LLC grew its holdings 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 in the last quarter.

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.