Short Interest in ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) Grows By 82.4%

ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 1,235 shares, a growth of 82.4% from the July 15th total of 677 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 2,825 shares, the short-interest ratio is currently 0.4 days.

ProShares Equities For Rising Rates ETF Trading Down 0.3%

NASDAQ:EQRR traded down $0.22 during trading hours on Monday, hitting $87.22. 3,445 shares of the company were exchanged, compared to its average volume of 19,276. The stock has a market capitalization of $34.89 million, a price-to-earnings ratio of 16.51 and a beta of 0.90. ProShares Equities For Rising Rates ETF has a one year low of $60.49 and a one year high of $87.84. The company has a fifty day simple moving average of $81.61 and a 200 day simple moving average of $75.22.

ProShares Equities For Rising Rates ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 24th were paid a $0.1981 dividend. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $0.79 annualized dividend and a dividend yield of 0.9%.

Hedge Funds Weigh In On ProShares Equities For Rising Rates ETF

Hedge funds have recently made changes to their positions in the stock. Independent Financial Group LLC bought a new stake in ProShares Equities For Rising Rates ETF in the first quarter valued at approximately $531,000. Royal Bank of Canada raised its holdings in ProShares Equities For Rising Rates ETF by 17.2% during the 4th quarter. Royal Bank of Canada now owns 4,098 shares of the company’s stock worth $264,000 after purchasing an additional 600 shares during the last quarter. Susquehanna International Group LLP raised its holdings in ProShares Equities For Rising Rates ETF by 63.1% during the 3rd 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. Citadel Advisors LLC lifted its position in shares of ProShares Equities For Rising Rates ETF by 11.9% in the 3rd 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 period. Finally, Geneos Wealth Management Inc. acquired a new position in shares of ProShares Equities For Rising Rates ETF in the 1st quarter worth approximately $25,000.

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.