Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) Stock Price Up 0.7% – Here’s What Happened

Proshares Equities For Rising Rates ETF (NASDAQ:EQRR)’s share price rose 0.7% on Thursday . The company traded as high as $59.57 and last traded at $59.60. Approximately 727 shares traded hands during mid-day trading, an increase of 36% from the average daily volume of 533 shares. The stock had previously closed at $59.21.

Proshares Equities For Rising Rates ETF Trading Up 0.2 %

The company has a fifty day moving average of $59.39 and a 200-day moving average of $58.48. The company 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 disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a $0.303 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Investors Weigh In On Proshares Equities For Rising Rates ETF

A number of hedge funds have recently modified their holdings of EQRR. International Assets Investment Management LLC increased its stake in shares of Proshares Equities For Rising Rates ETF by 5,690.1% in the 3rd quarter. International Assets Investment Management LLC now owns 50,663 shares of the company’s stock worth $2,933,000 after acquiring an additional 49,788 shares during the last quarter. SG Americas Securities LLC increased its position in Proshares Equities For Rising Rates ETF by 81.2% during the fourth quarter. SG Americas Securities LLC now owns 18,853 shares of the company’s stock worth $1,070,000 after purchasing an additional 8,446 shares during the last quarter. KPP Advisory Services LLC raised its stake in Proshares Equities For Rising Rates ETF by 19.2% during the third quarter. KPP Advisory Services LLC now owns 12,283 shares of the company’s stock worth $711,000 after purchasing an additional 1,976 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in Proshares Equities For Rising Rates ETF in the 2nd quarter valued at about $391,000.

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.