EQRR Stock Summary and Trading Ideas (ProShares Equities For Rising Rates ETF | NASDAQ:EQRR)

ProShares Equities for Rising Rates ETF (the Fund ) seeks investment results, before fees and expenses, that track the per- formance of the Nasdaq U.S. Large Cap Equities for Rising Rates Index (the Index ). The goal of the Index is to provide relative outperformance, as compared to traditional large-cap indexes, during periods of rising U.S. Treasury interest rates ( interest rates ). The Nasdaq US Large Cap Equities for Rising Rates Index consists of US securities whose stock prices have historically exhibited relatively high correlation to movements in interest rates. The Index contains 50 stocks across 5 sectors.

ProShares Equities For Rising Rates ETF trades on the NASDAQ stock market under the symbol EQRR.

As of May 10, 2024, EQRR stock price was flat at $59.86 with 4,650 million shares trading.

EQRR has a market cap of $20.35 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, EQRR stock traded as high as $62.26 and as low as $42.43.

EQRR has outperformed the market in the last year with a return of +32.6%, while the SPY ETF gained +27.8%. In the last 3 month period, EQRR beat the market returning +11.3%, while SPY returned +4.2%. However, in the most recent 2 weeks EQRR has underperformed the stock market by returning 0.0%, while SPY returned +2.5%.

EQRR support price is $59.34 and resistance is $60.38 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EQRR stock will trade within this expected range on the day.