Short Interest in Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) Drops By 6.5%

Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) saw a large decrease in short interest in December. As of December 31st, there was short interest totalling 2,900 shares, a decrease of 6.5% from the December 15th total of 3,100 shares. Based on an average daily trading volume, of 800 shares, the days-to-cover ratio is currently 3.6 days.

Proshares Equities For Rising Rates ETF Trading Up 0.2 %

Proshares Equities For Rising Rates ETF stock traded up $0.14 during midday trading on Friday, hitting $59.71. 150 shares of the stock were exchanged, compared to its average volume of 495. The stock’s 50-day simple moving average is $59.39 and its 200 day simple moving average is $58.48. Proshares Equities For Rising Rates ETF has a fifty-two week low of $51.41 and a fifty-two week high of $62.73. The stock has a market capitalization of $12.54 million, a price-to-earnings ratio of 12.11 and a beta of 1.36.

Proshares Equities For Rising Rates ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a dividend of $0.303 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in EQRR. KPP Advisory Services LLC boosted its stake in Proshares Equities For Rising Rates ETF by 3.6% during the second quarter. KPP Advisory Services LLC now owns 10,307 shares of the company’s stock worth $601,000 after buying an additional 357 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Proshares Equities For Rising Rates ETF by 88.3% in the 3rd quarter. SG Americas Securities LLC now owns 10,407 shares of the company’s stock worth $603,000 after acquiring an additional 4,879 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Proshares Equities For Rising Rates ETF during the 2nd quarter worth approximately $391,000. Finally, International Assets Investment Management LLC boosted its position in shares of Proshares Equities For Rising Rates ETF by 5,690.1% during the 3rd quarter. International Assets Investment Management LLC now owns 50,663 shares of the company’s stock worth $2,933,000 after purchasing an additional 49,788 shares during the 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.