ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) Stock Price Down 2.4% – Should You Sell?

ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) were down 2.4% during mid-day trading on Thursday . The stock traded as low as $66.75 and last traded at $66.7140. Approximately 58 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 286 shares. The stock had previously closed at $68.32.

ProShares Equities For Rising Rates ETF Stock Performance

The firm has a market capitalization of $11.34 million, a P/E ratio of 16.51 and a beta of 1.09. The business has a fifty day moving average of $65.70 and a 200-day moving average of $63.44.

ProShares Equities For Rising Rates ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 24th were paid a $0.219 dividend. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a $0.88 dividend on an annualized basis and a yield of 1.3%.

Institutional Trading of ProShares Equities For Rising Rates ETF

A number of hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC grew its holdings in shares of ProShares Equities For Rising Rates ETF by 223.1% during the 4th quarter. SG Americas Securities LLC now owns 23,978 shares of the company’s stock valued at $1,543,000 after acquiring an additional 16,556 shares in the last quarter. Royal Bank of Canada raised its position in ProShares Equities For Rising Rates ETF by 324.3% during the first 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 in the last quarter. Susquehanna International Group LLP increased its stake in shares of 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 raised its holdings in shares of ProShares Equities For Rising Rates ETF by 11.9% during the 3rd quarter. Citadel Advisors LLC now owns 7,826 shares of the company’s stock valued at $494,000 after purchasing an additional 831 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of ProShares Equities For Rising Rates ETF in the fourth quarter worth about $31,000.

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.