ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) Stock Price Up 0.2% – Still a Buy?

ProShares Equities For Rising Rates ETF (NASDAQ:EQRR)’s stock price were up 0.2% on Wednesday . The company traded as high as $66.46 and last traded at $66.46. Approximately 487 shares were traded during mid-day trading, a decline of 5% from the average daily volume of 510 shares. The stock had previously closed at $66.33.

ProShares Equities For Rising Rates ETF Price Performance

The firm has a market cap of $12.63 million, a PE ratio of 16.51 and a beta of 1.09. The business’s fifty day moving average is $64.37 and its 200-day moving average is $62.73.

ProShares Equities For Rising Rates ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 24th were paid a $0.219 dividend. The ex-dividend date was Wednesday, December 24th. This represents a $0.88 annualized dividend and a dividend yield of 1.3%.

Institutional Trading of ProShares Equities For Rising Rates ETF

Institutional investors have recently modified their holdings of the business. Citadel Advisors LLC lifted its position in shares of ProShares Equities For Rising Rates ETF by 11.9% during the third quarter. Citadel Advisors LLC now owns 7,826 shares of the company’s stock worth $494,000 after acquiring an additional 831 shares in the last quarter. Susquehanna International Group LLP lifted its holdings in ProShares Equities For Rising Rates ETF by 63.1% during the 3rd quarter. Susquehanna International Group LLP now owns 7,834 shares of the company’s stock worth $495,000 after purchasing an additional 3,032 shares in the last quarter. Royal Bank of Canada lifted its holdings in ProShares Equities For Rising Rates ETF by 324.3% during the 1st quarter. Royal Bank of Canada now owns 9,686 shares of the company’s stock worth $572,000 after purchasing an additional 7,403 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in ProShares Equities For Rising Rates ETF by 223.1% in the 4th quarter. SG Americas Securities LLC now owns 23,978 shares of the company’s stock worth $1,543,000 after purchasing an additional 16,556 shares during the period.

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.