Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) Trading Up 0.9% – What’s Next?

Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) were up 0.9% during mid-day trading on Thursday . The company traded as high as $57.16 and last traded at $57.16. Approximately 121 shares were traded during trading, a decline of 93% from the average daily volume of 1,654 shares. The stock had previously closed at $56.63.

Proshares Equities For Rising Rates ETF Stock Performance

The firm has a market cap of $13.66 million, a P/E ratio of 12.11 and a beta of 1.36. The firm’s fifty day moving average is $59.66 and its 200 day moving average is $58.53.

Proshares Equities For Rising Rates ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be paid a dividend of $0.303 per share. The ex-dividend date is Monday, December 23rd.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in Proshares Equities For Rising Rates ETF in the 2nd quarter valued at about $51,000. Sanctuary Advisors LLC acquired a new stake in shares of Proshares Equities For Rising Rates ETF in the second quarter valued at approximately $391,000. KPP Advisory Services LLC boosted its stake in shares of Proshares Equities For Rising Rates ETF by 3.6% in the second quarter. KPP Advisory Services LLC now owns 10,307 shares of the company’s stock valued at $601,000 after buying an additional 357 shares during the period. Finally, SG Americas Securities LLC increased its stake in Proshares Equities For Rising Rates ETF by 88.3% during 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 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.