Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) Trading Up 1.4% – What’s Next?

Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) shares were up 1.4% during mid-day trading on Monday . The stock traded as high as $58.63 and last traded at $58.60. Approximately 1,810 shares changed hands during mid-day trading, an increase of 15% from the average daily volume of 1,572 shares. The stock had previously closed at $57.78.

Proshares Equities For Rising Rates ETF Price Performance

The firm has a market cap of $11.77 million, a PE ratio of 15.34 and a beta of 1.26. The company has a 50 day simple moving average of $59.02 and a 200-day simple moving average of $58.90.

Proshares Equities For Rising Rates ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a $0.303 dividend. The ex-dividend date was Monday, December 23rd.

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 bought a new position in Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,663 shares of the company’s stock, valued at approximately $378,000. Citadel Advisors LLC owned approximately 3.17% of Proshares Equities For Rising Rates ETF at the end of the most recent reporting period.

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.