Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) Shares Pass Above 200 Day Moving Average – What’s Next?

Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $58.49 and traded as high as $62.40. Proshares Equities For Rising Rates ETF shares last traded at $62.39, with a volume of 481 shares.

Proshares Equities For Rising Rates ETF Stock Performance

The firm has a market cap of $14.97 million, a P/E ratio of 12.11 and a beta of 1.36. The firm has a 50 day simple moving average of $59.23 and a 200 day simple moving average of $58.49.

Proshares Equities For Rising Rates ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 25th were given a $0.3249 dividend. This is a positive change from Proshares Equities For Rising Rates ETF’s previous dividend of $0.27. The ex-dividend date of this dividend was Wednesday, September 25th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in shares of Proshares Equities For Rising Rates ETF in the second quarter worth $51,000. Sanctuary Advisors LLC bought a new position in Proshares Equities For Rising Rates ETF in the 2nd quarter worth about $391,000. KPP Advisory Services LLC raised its holdings in shares of Proshares Equities For Rising Rates ETF by 3.6% in the 2nd quarter. KPP Advisory Services LLC now owns 10,307 shares of the company’s stock valued at $601,000 after acquiring an additional 357 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of 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 valued at $603,000 after acquiring an additional 4,879 shares during the last quarter.

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.