Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) Shares Up 0.7% – Still a Buy?

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

Proshares Equities For Rising Rates ETF Stock Up 0.7 %

The business’s 50 day simple moving average is $59.43 and its 200 day simple moving average is $58.46. The stock has a market cap of $12.52 million, a price-to-earnings 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. Shareholders of record on Monday, December 23rd were issued a $0.303 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC lifted its stake in Proshares Equities For Rising Rates ETF by 5,690.1% during the third 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 last quarter. KPP Advisory Services LLC raised its holdings in shares of Proshares Equities For Rising Rates ETF by 19.2% during the 3rd quarter. KPP Advisory Services LLC now owns 12,283 shares of the company’s stock worth $711,000 after buying an additional 1,976 shares in the last quarter. SG Americas Securities LLC lifted 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 worth $603,000 after buying an additional 4,879 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Proshares Equities For Rising Rates ETF in the second 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.