ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) Short Interest Down 38.8% in May

ProShares Equities For Rising Rates ETF (NASDAQ:EQRR – Get Free Report) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 3,018 shares, a drop of 38.8% from the April 30th total of 4,935 shares. Based on an average trading volume of 22,324 shares, the short-interest ratio is currently 0.1 days. Currently, 0.5% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in EQRR. SG Americas Securities LLC grew its stake in 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 worth $1,543,000 after buying an additional 16,556 shares during the last quarter. Independent Financial Group LLC bought a new position in ProShares Equities For Rising Rates ETF during the 1st quarter worth $531,000. Royal Bank of Canada grew its stake in 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 worth $572,000 after buying an additional 7,403 shares during the last quarter. Money Concepts Capital Corp bought a new position in ProShares Equities For Rising Rates ETF during the 1st quarter worth $292,000. Finally, Griffin Asset Management Inc. bought a new position in ProShares Equities For Rising Rates ETF during the 1st quarter worth $256,000.

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ProShares Equities For Rising Rates ETF Stock Up 0.6%

Shares of NASDAQ EQRR opened at $82.18 on Friday. The firm’s 50-day moving average price is $74.56 and its two-hundred day moving average price is $69.21. ProShares Equities For Rising Rates ETF has a 52-week low of $57.76 and a 52-week high of $82.38. The stock has a market capitalization of $48.49 million, a P/E ratio of 16.51 and a beta of 0.91.

ProShares Equities For Rising Rates ETF Increases Dividend

The business also recently disclosed 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. This represents a $0.93 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Wednesday, March 25th. This is an increase from ProShares Equities For Rising Rates ETF’s previous quarterly dividend of $0.22.

ProShares Equities For Rising Rates ETF Company Profile

(Get Free Report)

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.

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