Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) Trading 0.9% Higher – Should You Buy?

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

Proshares Equities For Rising Rates ETF Trading Up 0.9 %

The business’s fifty day simple moving average is $59.71 and its 200 day simple moving average is $58.54. The stock has a market cap of $13.72 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 disclosed a dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be paid a dividend of $0.303 per share. The ex-dividend date is Monday, December 23rd.

Hedge Funds Weigh In On Proshares Equities For Rising Rates ETF

Several hedge funds have recently added to or reduced their stakes in EQRR. Sanctuary Advisors LLC bought a new stake in shares of Proshares Equities For Rising Rates ETF in the 2nd quarter valued at about $391,000. SG Americas Securities LLC grew its holdings in Proshares Equities For Rising Rates ETF by 88.3% during the third quarter. SG Americas Securities LLC now owns 10,407 shares of the company’s stock valued at $603,000 after purchasing an additional 4,879 shares during the period. International Assets Investment Management LLC bought a new stake in Proshares Equities For Rising Rates ETF in the second quarter valued at approximately $51,000. Finally, KPP Advisory Services LLC raised its holdings in 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 worth $601,000 after purchasing an additional 357 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.