Shares of ProShares Equities For Rising Rates ETF (NASDAQ:EQRR – Get Free Report) fell 2.4% during trading on Monday. The company traded as low as $82.72 and last traded at $82.8040. 6,921 shares were traded during mid-day trading, a decline of 58% from the average session volume of 16,577 shares. The stock had previously closed at $84.85.
ProShares Equities For Rising Rates ETF Trading Down 0.5%
The firm has a 50-day moving average of $86.05 and a 200 day moving average of $78.05. The stock has a market capitalization of $39.47 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
Hedge funds and other institutional investors have recently bought and sold shares of the business. Citadel Advisors LLC bought a new stake in ProShares Equities For Rising Rates ETF in the second quarter worth approximately $1,373,000. Independent Financial Group LLC bought a new stake in ProShares Equities For Rising Rates ETF during the 1st quarter valued at approximately $531,000. Envestnet Asset Management Inc. acquired a new stake in shares of ProShares Equities For Rising Rates ETF in the second quarter worth $520,000. Geneos Wealth Management Inc. bought a new position in shares of ProShares Equities For Rising Rates ETF during the 1st quarter worth about $25,000. Finally, Money Concepts Capital Corp bought a new position in ProShares Equities For Rising Rates ETF during the first quarter valued at about $292,000.
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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