ProShares Equities for Rising Rates ETF (NASDAQ:EQRR) Short Interest Up 7.8% in December

ProShares Equities for Rising Rates ETF (NASDAQ:EQRR – Get Rating) was the recipient of a significant growth in short interest in December. As of December 30th, there was short interest totalling 24,900 shares, a growth of 7.8% from the December 15th total of 23,100 shares. Based on an average daily volume of 12,300 shares, the short-interest ratio is currently 2.0 days.

ProShares Equities for Rising Rates ETF Trading Down 0.2 %

NASDAQ EQRR opened at $54.64 on Wednesday. The company has a 50 day moving average price of $52.50 and a two-hundred day moving average price of $49.98. ProShares Equities for Rising Rates ETF has a 12-month low of $42.42 and a 12-month high of $56.01.

ProShares Equities for Rising Rates ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Friday, December 23rd were paid a $0.37 dividend. The ex-dividend date of this dividend was Thursday, December 22nd. This is a boost from ProShares Equities for Rising Rates ETF’s previous quarterly dividend of $0.32. This represents a $1.48 dividend on an annualized basis and a yield of 2.71%.

Institutional Trading of ProShares Equities for Rising Rates ETF

A number of institutional investors have recently added to or reduced their stakes in EQRR. Private Trust Co. NA acquired a new stake in ProShares Equities for Rising Rates ETF in the second quarter valued at approximately $45,000. Worth Asset Management LLC acquired a new stake in shares of ProShares Equities for Rising Rates ETF in the fourth quarter worth $50,000. IFP Advisors Inc lifted its stake in shares of ProShares Equities for Rising Rates ETF by 16.5% in the third quarter. IFP Advisors Inc now owns 2,162 shares of the company’s stock worth $109,000 after buying an additional 307 shares during the last quarter. UBS Group AG lifted its stake in shares of ProShares Equities for Rising Rates ETF by 1,546.7% in the third quarter. UBS Group AG now owns 3,458 shares of the company’s stock worth $150,000 after buying an additional 3,248 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of ProShares Equities for Rising Rates ETF in the second quarter worth $212,000.