Short Interest in ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) Grows By 1,186.5%

ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 38,827 shares, a growth of 1,186.5% from the May 14th total of 3,018 shares. Based on an average daily volume of 39,848 shares, the days-to-cover ratio is currently 1.0 days. Currently, 6.6% of the company’s stock are short sold.

ProShares Equities For Rising Rates ETF Stock Performance

Shares of EQRR stock traded down $0.13 during mid-day trading on Wednesday, hitting $79.17. The company’s stock had a trading volume of 408,851 shares, compared to its average volume of 17,645. ProShares Equities For Rising Rates ETF has a 52-week low of $58.59 and a 52-week high of $82.38. The business has a 50-day moving average price of $75.16 and a 200 day moving average price of $69.57. The stock has a market cap of $46.71 million, a price-to-earnings ratio of 16.51 and a beta of 0.91.

ProShares Equities For Rising Rates ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th were paid a $0.2334 dividend. This is an increase from ProShares Equities For Rising Rates ETF’s previous quarterly dividend of $0.22. This represents a $0.93 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Wednesday, March 25th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. SG Americas Securities LLC raised its stake in shares of ProShares Equities For Rising Rates ETF by 223.1% in the fourth quarter. SG Americas Securities LLC now owns 23,978 shares of the company’s stock worth $1,543,000 after purchasing an additional 16,556 shares during the last quarter. Griffin Asset Management Inc. purchased a new position in shares of ProShares Equities For Rising Rates ETF in the first quarter worth $256,000. Citadel Advisors LLC raised its stake in shares of ProShares Equities For Rising Rates ETF by 11.9% in the third quarter. Citadel Advisors LLC now owns 7,826 shares of the company’s stock worth $494,000 after purchasing an additional 831 shares during the last quarter. Susquehanna International Group LLP raised its stake in shares of 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 last quarter. Finally, Royal Bank of Canada raised its stake in shares of ProShares Equities For Rising Rates ETF by 324.3% in the first quarter. Royal Bank of Canada now owns 9,686 shares of the company’s stock worth $572,000 after purchasing an additional 7,403 shares during 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.