Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) Trading Up 1.4% – What’s Next?

Shares of Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) were up 1.4% during mid-day trading on Monday . The company traded as high as $58.63 and last traded at $58.60. Approximately 1,810 shares traded hands during mid-day trading, an increase of 15% from the average daily volume of 1,572 shares. The stock had previously closed at $57.78.

Proshares Equities For Rising Rates ETF Trading Up 0.7 %

The firm has a market cap of $11.77 million, a PE ratio of 15.34 and a beta of 1.26. The stock has a 50 day simple moving average of $59.02 and a 200-day simple moving average of $58.90.

Proshares Equities For Rising Rates ETF Cuts Dividend

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Proshares Equities For Rising Rates ETF stock. Citadel Advisors LLC acquired a new stake in shares of Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,663 shares of the company’s stock, valued at approximately $378,000. Citadel Advisors LLC owned approximately 3.17% of Proshares Equities For Rising Rates ETF as of its most recent SEC filing.

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.