ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) Sees Large Drop in Short Interest

ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 145 shares, a decline of 99.6% from the May 31st total of 38,827 shares. Based on an average daily volume of 72,979 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Trading of ProShares Equities For Rising Rates ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its stake 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 purchasing an additional 7,403 shares during the last quarter. Citadel Advisors LLC raised its holdings in ProShares Equities For Rising Rates ETF by 11.9% during the third quarter. Citadel Advisors LLC now owns 7,826 shares of the company’s stock worth $494,000 after purchasing an additional 831 shares in the last quarter. Susquehanna International Group LLP raised its stake in shares of ProShares Equities For Rising Rates ETF by 63.1% in the 3rd quarter. Susquehanna International Group LLP now owns 7,834 shares of the company’s stock worth $495,000 after buying an additional 3,032 shares in the last quarter. SG Americas Securities LLC raised its position in ProShares Equities For Rising Rates ETF by 223.1% in the fourth 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 in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of ProShares Equities For Rising Rates ETF in the 4th quarter worth approximately $31,000.

ProShares Equities For Rising Rates ETF Stock Up 1.1%

Shares of NASDAQ EQRR traded up $0.84 on Thursday, hitting $80.04. The company had a trading volume of 18,074 shares, compared to its average volume of 22,381. ProShares Equities For Rising Rates ETF has a 12-month low of $59.00 and a 12-month high of $82.53. The firm has a market capitalization of $47.22 million, a P/E ratio of 16.51 and a beta of 0.91. The business has a 50 day moving average of $77.71 and a two-hundred day moving average of $71.04.

ProShares Equities For Rising Rates ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 24th will be issued a dividend of $0.1981 per share. The ex-dividend date is Wednesday, June 24th. This represents a $0.79 annualized dividend and a yield of 1.0%.

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.