ProShares - Equities for Rising Rates ETF (EQRR)
ProShares - Equities for Rising Rates ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Bethesda, MD, US. The stock last traded at $84.68, down 0.51% on the session, giving a market capitalisation of $13.3M. Its beta of 0.74 implies it has historically moved less than the broad market.
The ProShares - Equities for Rising Rates ETF seeks to replicate the performance of its underlying index. ProShare Advisors actively selects the combination of securities in which the fund invests to achieve this objective. Under typical market conditions, at least 80% of the fund's total assets will be allocated to these constituent securities. The index itself is composed of 50 companies whose stock prices have historically demonstrated a tendency to deliver superior returns compared to the broader market during periods of increasing interest rates.
ProShares - Equities for Rising Rates ETF is most often compared with the following Financial Services names: