ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) Shares Down 0.5% – Should You Sell?

ProShares Equities For Rising Rates ETF (NASDAQ:EQRR)’s stock price were down 0.5% during trading on Thursday . The stock traded as low as $68.08 and last traded at $68.08. Approximately 885 shares were traded during trading, an increase of 139% from the average daily volume of 371 shares. The stock had previously closed at $68.40.

ProShares Equities For Rising Rates ETF Stock Performance

The firm has a fifty day moving average of $67.67 and a 200-day moving average of $64.97. The firm has a market cap of $11.62 million, a P/E ratio of 16.51 and a beta of 1.09.

ProShares Equities For Rising Rates ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 24th were given a dividend of $0.219 per share. This represents a $0.88 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Wednesday, December 24th.

Institutional Trading of ProShares Equities For Rising Rates ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada increased its holdings in shares of 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 last quarter. Steward Partners Investment Advisory LLC acquired a new stake in ProShares Equities For Rising Rates ETF in the 4th quarter worth approximately $79,000. Susquehanna International Group LLP boosted its position in ProShares Equities For Rising Rates ETF by 63.1% during 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. Citadel Advisors LLC boosted its position in 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 purchasing an additional 831 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in ProShares Equities For Rising Rates ETF during the fourth quarter valued at approximately $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.