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

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

Proshares Equities For Rising Rates ETF Trading Down 0.3 %

NASDAQ EQRR opened at $60.06 on Friday. Proshares Equities For Rising Rates ETF has a 1-year low of $45.18 and a 1-year high of $62.26. The company has a market capitalization of $21.62 million, a PE ratio of 12.62 and a beta of 1.36. The firm’s fifty day simple moving average is $59.01 and its 200-day simple moving average is $54.24.

Proshares Equities For Rising Rates ETF Dividend Announcement

The business also recently declared 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 was Wednesday, March 20th.

Hedge Funds Weigh In On Proshares Equities For Rising Rates ETF

Hedge funds have recently modified their holdings of the stock. Raymond James & Associates increased its stake in shares of Proshares Equities For Rising Rates ETF by 5.9% in the fourth quarter. Raymond James & Associates now owns 4,986 shares of the company’s stock worth $268,000 after acquiring an additional 278 shares during the last quarter. SG Americas Securities LLC increased its position in Proshares Equities For Rising Rates ETF by 88.5% during the third quarter. SG Americas Securities LLC now owns 8,794 shares of the company’s stock worth $445,000 after buying an additional 4,129 shares during the last quarter. KPP Advisory Services LLC acquired a new position in Proshares Equities For Rising Rates ETF during the third quarter worth $581,000. Cary Street Partners Investment Advisory LLC acquired a new position in Proshares Equities For Rising Rates ETF during the fourth quarter worth $956,000. Finally, International Assets Investment Management LLC increased its position in Proshares Equities For Rising Rates ETF by 5,280.9% during the fourth quarter. International Assets Investment Management LLC now owns 47,083 shares of the company’s stock worth $2,534,000 after buying an additional 46,208 shares during the last quarter.

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.