ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) Trading Down 0.6% – What’s Next?

ProShares Equities For Rising Rates ETF (NASDAQ:EQRR)’s stock price were down 0.6% during mid-day trading on Thursday . The stock traded as low as $63.96 and last traded at $64.01. Approximately 354 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 854 shares. The stock had previously closed at $64.38.

ProShares Equities For Rising Rates ETF Trading Down 0.6%

The company has a market cap of $8.96 million, a PE ratio of 16.51 and a beta of 1.09. The stock has a 50 day moving average price of $63.22 and a 200 day moving average price of $61.83.

ProShares Equities For Rising Rates ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 24th were issued a dividend of $0.2328 per share. This represents a $0.93 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Wednesday, September 24th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Royal Bank of Canada lifted its position in ProShares Equities For Rising Rates ETF by 324.3% during the 1st quarter. Royal Bank of Canada now owns 9,686 shares of the company’s stock valued at $572,000 after acquiring an additional 7,403 shares during the period. Susquehanna International Group LLP grew its holdings in ProShares Equities For Rising Rates ETF by 63.1% in the third quarter. Susquehanna International Group LLP now owns 7,834 shares of the company’s stock worth $495,000 after purchasing an additional 3,032 shares during the period. Finally, Citadel Advisors LLC increased its stake in shares of ProShares Equities For Rising Rates ETF by 11.9% during the third quarter. Citadel Advisors LLC now owns 7,826 shares of the company’s stock valued at $494,000 after purchasing an additional 831 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.