ProShares Equities For Rising Rates ETF (NASDAQ:EQRR – Get Free Report) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 5,854 shares, a growth of 166.5% from the August 31st total of 2,197 shares. Currently, 1.3% of the shares of the company are sold short. Based on an average daily volume of 10,351 shares, the short-interest ratio is presently 0.6 days.
ProShares Equities For Rising Rates ETF Stock Performance
Shares of EQRR stock opened at $84.79 on Friday. ProShares Equities For Rising Rates ETF has a 52-week low of $60.61 and a 52-week high of $88.85. The stock has a market cap of $37.31 million, a price-to-earnings ratio of 16.51 and a beta of 0.91. The firm’s 50-day moving average is $85.26 and its 200-day moving average is $79.06.
Institutional Trading of ProShares Equities For Rising Rates ETF
Several institutional investors and hedge funds have recently bought and sold shares of the business. Citadel Advisors LLC acquired a new stake in shares of ProShares Equities For Rising Rates ETF in the second quarter valued at approximately $1,373,000. Independent Financial Group LLC bought a new position in shares of ProShares Equities For Rising Rates ETF during the 1st quarter worth approximately $531,000. Envestnet Asset Management Inc. acquired a new position in shares of ProShares Equities For Rising Rates ETF during the 2nd quarter worth approximately $520,000. Money Concepts Capital Corp acquired a new position in shares of ProShares Equities For Rising Rates ETF during the 1st quarter worth approximately $292,000. Finally, Griffin Asset Management Inc. acquired a new position in shares of ProShares Equities For Rising Rates ETF during the 1st quarter worth approximately $256,000.
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.
See Also
- Five stocks we like better than ProShares Equities For Rising Rates ETF
- 3 Defense Stocks Riding Nuclear, Missile, and Aerospace Demand
- SoFi Is Bypassing the Banking Bottleneck With Stablecoin Settlement
- These 3 Overlooked Stocks Have Big Money Behind Them
- Darden Restaurants Serves Up Fresh Catalysts for a Stock Price Rally
Receive News & Ratings for ProShares Equities For Rising Rates ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Equities For Rising Rates ETF and related companies with MarketBeat.com's FREE daily email newsletter.
