Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) Stock Passes Above 200-Day Moving Average – Here’s Why

Shares of Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) passed 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 Trading Down 0.2 %

The stock’s fifty day moving average price is $59.23 and its 200 day moving average price is $58.49. The stock has a market cap of $14.97 million, a P/E ratio of 12.11 and a beta of 1.36.

Proshares Equities For Rising Rates ETF Increases Dividend

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

Institutional Investors Weigh In On Proshares Equities For Rising Rates ETF

Several hedge funds have recently added to or reduced their stakes in EQRR. International Assets Investment Management LLC bought a new position in shares of Proshares Equities For Rising Rates ETF during the 2nd quarter valued at about $51,000. Sanctuary Advisors LLC bought a new stake in Proshares Equities For Rising Rates ETF in the 2nd quarter worth approximately $391,000. KPP Advisory Services LLC boosted its stake 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 buying an additional 357 shares in the last quarter. Finally, SG Americas Securities LLC grew its position 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 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.