ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) Short Interest Up 2,120.7% in June

ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 3,220 shares, an increase of 2,120.7% from the June 15th total of 145 shares. Currently, 0.8% of the company’s shares are sold short. Based on an average daily volume of 71,242 shares, the days-to-cover ratio is presently 0.0 days.

ProShares Equities For Rising Rates ETF Trading Down 0.1%

EQRR traded down $0.05 on Friday, hitting $80.77. The company had a trading volume of 2,662 shares, compared to its average volume of 22,555. The firm has a market cap of $32.31 million, a P/E ratio of 16.51 and a beta of 0.90. ProShares Equities For Rising Rates ETF has a 1 year low of $59.19 and a 1 year high of $82.53. The company’s fifty day moving average price is $79.14 and its 200 day moving average price is $72.17.

ProShares Equities For Rising Rates ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 24th were given a dividend of $0.1981 per share. The ex-dividend date was Wednesday, June 24th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 1.0%.

Hedge Funds Weigh In On ProShares Equities For Rising Rates ETF

Several large investors have recently made changes to their positions in the stock. Royal Bank of Canada raised its position in 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 valued at $572,000 after purchasing an additional 7,403 shares during the period. Citadel Advisors LLC boosted its position 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 worth $494,000 after buying an additional 831 shares during the period. Susquehanna International Group LLP grew 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 valued at $495,000 after buying an additional 3,032 shares in the last quarter. SG Americas Securities LLC grew 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 valued at $1,543,000 after buying an additional 16,556 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of ProShares Equities For Rising Rates ETF in the 4th quarter valued at $31,000.

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.