Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) were down 2.5% during mid-day trading on Wednesday . The stock 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 stock has a 50 day simple moving average of $40.37.
The business also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Wednesday, June 26th were paid a dividend of $0.183 per share. This represents a $0.73 annualized dividend and a yield of 1.81%. The ex-dividend date was Tuesday, June 25th.
A hedge fund recently raised its stake in Proshares Equities For Rising Rates ETF stock. Bank of America Corp DE increased its stake in shares of Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) by 10.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,119 shares of the company’s stock after acquiring 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 at the end of the most recent quarter.