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

ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 3,220 shares, a growth of 2,120.7% from the June 15th total of 145 shares. Currently, 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 71,242 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC increased its holdings in ProShares Equities For Rising Rates ETF by 223.1% in 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 in the last quarter. Royal Bank of Canada lifted 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 valued at $572,000 after acquiring an additional 7,403 shares during the period. Susquehanna International Group LLP boosted its holdings 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 acquiring an additional 3,032 shares during the last quarter. Citadel Advisors LLC boosted 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 acquiring an additional 831 shares during the last quarter. Finally, Independent Financial Group LLC bought a new stake in shares of ProShares Equities For Rising Rates ETF in the first quarter worth approximately $531,000.

ProShares Equities For Rising Rates ETF Stock Performance

Shares of EQRR traded down $0.05 on Friday, hitting $80.77. 2,662 shares of the stock traded hands, compared to its average volume of 22,555. ProShares Equities For Rising Rates ETF has a one year low of $59.19 and a one year high of $82.53. The company has a market capitalization of $32.31 million, a PE ratio of 16.51 and a beta of 0.90. The business has a 50 day simple moving average of $79.14 and a 200 day simple moving average of $72.17.

ProShares Equities For Rising Rates ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 24th were issued a $0.1981 dividend. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $0.79 dividend on an annualized basis and a dividend 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.