Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) Trading Up 0.6% – Time to Buy?

Proshares Equities For Rising Rates ETF (NASDAQ:EQRR)’s stock price rose 0.6% during mid-day trading on Monday . The company traded as high as $59.97 and last traded at $59.92. Approximately 2,022 shares were traded during trading, an increase of 148% from the average daily volume of 815 shares. The stock had previously closed at $59.53.

Proshares Equities For Rising Rates ETF Price Performance

The firm has a 50-day moving average of $58.60 and a 200 day moving average of $58.82. The company has a market capitalization of $12.58 million, a PE ratio of 12.11 and a beta of 1.36.

Proshares Equities For Rising Rates ETF Cuts Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC bought a new stake in Proshares Equities For Rising Rates ETF in the 4th quarter worth approximately $378,000. SG Americas Securities LLC grew its holdings in shares of Proshares Equities For Rising Rates ETF by 81.2% in the fourth quarter. SG Americas Securities LLC now owns 18,853 shares of the company’s stock worth $1,070,000 after acquiring an additional 8,446 shares during the period. KPP Advisory Services LLC increased its position 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 valued at $711,000 after acquiring an additional 1,976 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in Proshares Equities For Rising Rates ETF by 5,690.1% in the third quarter. International Assets Investment Management LLC now owns 50,663 shares of the company’s stock valued at $2,933,000 after acquiring 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.