ProShares Equities For Rising Rates ETF (NASDAQ:EQRR – Get Free Report) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totaling 677 shares, a drop of 79.0% from the June 30th total of 3,220 shares. Based on an average trading volume of 10,985 shares, the short-interest ratio is presently 0.1 days. Approximately 0.2% of the shares of the stock are short sold.
Institutional Investors Weigh In On ProShares Equities For Rising Rates ETF
Several hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada grew its stake in ProShares Equities For Rising Rates ETF by 324.3% in 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 in the last quarter. Citadel Advisors LLC raised its position 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 buying an additional 831 shares in the last quarter. Susquehanna International Group LLP raised its position 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 valued at $495,000 after buying an additional 3,032 shares in the last quarter. SG Americas Securities LLC lifted 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 worth $1,543,000 after acquiring an additional 16,556 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of ProShares Equities For Rising Rates ETF during the 4th quarter worth $31,000.
ProShares Equities For Rising Rates ETF Trading Up 0.6%
Shares of EQRR opened at $80.77 on Friday. The company has a market cap of $32.31 million, a PE ratio of 16.51 and a beta of 0.90. The stock has a 50-day moving average price of $80.13 and a 200-day moving average price of $73.31. ProShares Equities For Rising Rates ETF has a 12-month low of $59.19 and a 12-month high of $82.53.
ProShares Equities For Rising Rates ETF Dividend Announcement
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.
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