ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) Trading Down 0.3% – Here’s What Happened

ProShares Equities For Rising Rates ETF (NASDAQ:EQRR)’s stock price dropped 0.3% during trading on Monday . The stock traded as low as $60.18 and last traded at $60.22. Approximately 184 shares traded hands during trading, a decline of 77% from the average daily volume of 812 shares. The stock had previously closed at $60.42.

ProShares Equities For Rising Rates ETF Stock Performance

The company has a market cap of $10.24 million, a price-to-earnings ratio of 16.51 and a beta of 1.36. The firm has a fifty day moving average price of $59.07 and a 200 day moving average price of $58.12.

ProShares Equities For Rising Rates ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Wednesday, June 25th were paid a dividend of $0.299 per share. The ex-dividend date of this dividend was Wednesday, June 25th. This represents a $1.20 annualized dividend and a dividend yield of 1.99%.

Institutional Trading of ProShares Equities For Rising Rates ETF

A hedge fund recently bought a new stake in ProShares Equities For Rising Rates ETF stock. Citadel Advisors LLC acquired a new position in shares of ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,663 shares of the company’s stock, valued at approximately $378,000. Citadel Advisors LLC owned about 3.17% of ProShares Equities For Rising Rates ETF as of its most recent filing with the Securities and Exchange Commission.

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.