ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) Short Interest Down 13.4% in March

ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) was the recipient of a large drop in short interest during the month of March. As of March 31st, there was short interest totaling 2,934 shares, a drop of 13.4% from the March 15th total of 3,387 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily trading volume, of 23,595 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of ProShares Equities For Rising Rates ETF

Several hedge funds have recently made changes to their positions in EQRR. SG Americas Securities LLC lifted its stake in shares of 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 acquiring an additional 16,556 shares during the period. Royal Bank of Canada increased its holdings 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 in the last quarter. Susquehanna International Group LLP grew its holdings in shares of ProShares Equities For Rising Rates ETF by 63.1% during the third 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. Steward Partners Investment Advisory LLC purchased a new stake in shares of ProShares Equities For Rising Rates ETF during the fourth quarter worth about $79,000. Finally, Citadel Advisors LLC grew its holdings in shares of 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 buying an additional 831 shares in the last quarter.

ProShares Equities For Rising Rates ETF Price Performance

NASDAQ EQRR opened at $72.92 on Friday. The company has a market capitalization of $38.65 million, a price-to-earnings ratio of 16.51 and a beta of 0.91. The firm’s fifty day moving average price is $69.08 and its 200 day moving average price is $65.99. ProShares Equities For Rising Rates ETF has a 12 month low of $53.59 and a 12 month high of $73.18.

ProShares Equities For Rising Rates ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th were paid a dividend of $0.2334 per share. The ex-dividend date was Wednesday, March 25th. This represents a $0.93 dividend on an annualized basis and a yield of 1.3%. This is an increase from ProShares Equities For Rising Rates ETF’s previous quarterly dividend of $0.22.

About ProShares Equities For Rising Rates ETF

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.