ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) Sees Large Increase in Short Interest

ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) saw a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 3,387 shares, a growth of 18.1% from the February 26th total of 2,869 shares. Approximately 2.0% of the company’s shares are sold short. Based on an average daily volume of 807 shares, the days-to-cover ratio is currently 4.2 days.

Hedge Funds Weigh In On ProShares Equities For Rising Rates ETF

Several hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC purchased a new stake in ProShares Equities For Rising Rates ETF in the fourth quarter worth $31,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of ProShares Equities For Rising Rates ETF during the fourth quarter valued at $79,000. Royal Bank of Canada boosted its stake in shares of ProShares Equities For Rising Rates ETF by 17.2% during the fourth quarter. Royal Bank of Canada now owns 4,098 shares of the company’s stock valued at $264,000 after purchasing an additional 600 shares during the period. Citadel Advisors LLC grew its holdings 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. Finally, Susquehanna International Group LLP grew its holdings 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.

ProShares Equities For Rising Rates ETF Price Performance

Shares of NASDAQ:EQRR opened at $69.02 on Thursday. The firm has a market capitalization of $11.73 million, a PE ratio of 16.51 and a beta of 1.09. The business has a 50 day simple moving average of $68.17 and a two-hundred day simple moving average of $65.34. ProShares Equities For Rising Rates ETF has a 1 year low of $50.65 and a 1 year high of $71.00.

ProShares Equities For Rising Rates ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th were paid a dividend of $0.2334 per share. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 1.4%. This is an increase from ProShares Equities For Rising Rates ETF’s previous quarterly dividend of $0.22.

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.