Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) Shares Down 2.5%

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Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) shares were down 2.5% on Wednesday . The company traded as low as $41.20 and last traded at $40.67, approximately 595 shares traded hands during trading. A decline of 64% from the average daily volume of 1,676 shares. The stock had previously closed at $41.72.

The company has a 50 day moving average price of $40.31.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Wednesday, June 26th were issued a $0.183 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend was Tuesday, June 25th.

A hedge fund recently raised its stake in Proshares Equities For Rising Rates ETF stock. Bank of America Corp DE raised its holdings in Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) by 10.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,119 shares of the company’s stock after purchasing an additional 1,038 shares during the quarter. Bank of America Corp DE owned approximately 7.41% of Proshares Equities For Rising Rates ETF worth $414,000 as of its most recent SEC filing.

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