Short Interest in Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) Increases By 189.7%

Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 8,400 shares, a growth of 189.7% from the March 31st total of 2,900 shares. Based on an average trading volume of 2,600 shares, the short-interest ratio is currently 3.2 days.

Institutional Investors Weigh In On Proshares Equities For Rising Rates ETF

A number of institutional investors have recently made changes to their positions in EQRR. SG Americas Securities LLC boosted its stake in shares of Proshares Equities For Rising Rates ETF by 88.5% in the 3rd quarter. SG Americas Securities LLC now owns 8,794 shares of the company’s stock valued at $445,000 after purchasing an additional 4,129 shares in the last quarter. KPP Advisory Services LLC purchased a new stake in shares of Proshares Equities For Rising Rates ETF in the 3rd quarter valued at $581,000. Raymond James & Associates boosted its stake in shares of Proshares Equities For Rising Rates ETF by 5.9% in the 4th quarter. Raymond James & Associates now owns 4,986 shares of the company’s stock valued at $268,000 after purchasing an additional 278 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of Proshares Equities For Rising Rates ETF by 5,280.9% in the 4th quarter. International Assets Investment Management LLC now owns 47,083 shares of the company’s stock valued at $2,534,000 after purchasing an additional 46,208 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC purchased a new stake in Proshares Equities For Rising Rates ETF during the 4th quarter valued at $956,000.

Proshares Equities For Rising Rates ETF Price Performance

EQRR stock opened at $60.06 on Friday. Proshares Equities For Rising Rates ETF has a one year low of $45.18 and a one year high of $62.26. The stock has a market cap of $21.62 million, a PE ratio of 12.62 and a beta of 1.36. The firm has a 50 day simple moving average of $59.01 and a two-hundred day simple moving average of $54.24.

Proshares Equities For Rising Rates ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, March 27th. Stockholders of record on Thursday, March 21st were paid a $0.2683 dividend. The ex-dividend date of this dividend was Wednesday, March 20th.

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.