ProShares Equities for Rising Rates ETF (NASDAQ:EQRR) Short Interest Update

ProShares Equities for Rising Rates ETF (NASDAQ:EQRR – Get Rating) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 5,900 shares, a decrease of 43.8% from the April 30th total of 10,500 shares. Based on an average trading volume of 27,300 shares, the short-interest ratio is presently 0.2 days.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Koshinski Asset Management Inc. acquired a new stake in ProShares Equities for Rising Rates ETF in the first quarter valued at $32,000. AllSquare Wealth Management LLC acquired a new stake in ProShares Equities for Rising Rates ETF in the fourth quarter valued at $58,000. PSI Advisors LLC increased its holdings in ProShares Equities for Rising Rates ETF by 50.1% in the first quarter. PSI Advisors LLC now owns 2,181 shares of the company’s stock valued at $118,000 after purchasing an additional 728 shares during the period. Scotia Capital Inc. acquired a new stake in ProShares Equities for Rising Rates ETF in the first quarter valued at $227,000. Finally, Citadel Advisors LLC acquired a new stake in ProShares Equities for Rising Rates ETF in the second quarter valued at $229,000.

Shares of EQRR traded up $1.25 during trading hours on Friday, reaching $54.63. The stock had a trading volume of 23,245 shares, compared to its average volume of 27,837. ProShares Equities for Rising Rates ETF has a 12 month low of $44.88 and a 12 month high of $56.87. The company’s 50-day moving average is $52.77 and its two-hundred day moving average is $52.32.

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 30th. Stockholders of record on Thursday, March 24th were paid a $0.131 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend was Wednesday, March 23rd.

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