ProShares Equities For Rising Rates ETF (NASDAQ:EQRR – Get Free Report) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 1,131 shares, a drop of 80.7% from the September 15th total of 5,854 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 13,669 shares, the days-to-cover ratio is presently 0.1 days.
ProShares Equities For Rising Rates ETF Price Performance
EQRR traded up $0.10 on Friday, reaching $87.20. 5,580 shares of the company traded hands, compared to its average volume of 17,429. The stock’s 50 day moving average price is $86.19 and its 200-day moving average price is $80.30. ProShares Equities For Rising Rates ETF has a 52-week low of $60.61 and a 52-week high of $88.85. The company has a market cap of $40.11 million, a price-to-earnings ratio of 16.51 and a beta of 0.94.
Institutional Investors Weigh In On ProShares Equities For Rising Rates ETF
Institutional investors have recently modified their holdings of the stock. Citadel Advisors LLC purchased a new position in shares of ProShares Equities For Rising Rates ETF during the 2nd quarter valued at $1,373,000. Independent Financial Group LLC acquired a new position in shares of ProShares Equities For Rising Rates ETF in the first quarter worth $531,000. Envestnet Asset Management Inc. acquired a new position in shares of ProShares Equities For Rising Rates ETF in the second quarter worth $520,000. Geneos Wealth Management Inc. purchased a new stake in shares of ProShares Equities For Rising Rates ETF during the first quarter worth $25,000. Finally, Money Concepts Capital Corp purchased a new stake in shares of ProShares Equities For Rising Rates ETF during the first quarter worth $292,000.
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.
Further Reading
- Five stocks we like better than ProShares Equities For Rising Rates ETF
- 3 Stocks Chopped in Half: Why These Drops May Be Structural, Not a Dip
- Home Depot and Lowe’s Hit 52-Week Lows—But Analysts Aren’t Giving Up
- Utilities Are Bouncing Back—These 2 Giants Could Signal the Next Big Sector Rally
- Q3 Earnings Could Blow Past Consensus—Be Ready for What Comes Next
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.
