ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) Short Interest Up 64.6% in December

ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totaling 2,904 shares, a growth of 64.6% from the December 15th total of 1,764 shares. Based on an average trading volume of 10,572 shares, the short-interest ratio is presently 0.3 days. Currently, 1.7% of the shares of the company are short sold. Currently, 1.7% of the shares of the company are short sold. Based on an average trading volume of 10,572 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On ProShares S&P Global Core Battery Metals ETF

A hedge fund recently bought a new stake in ProShares S&P Global Core Battery Metals ETF stock. Jane Street Group LLC acquired a new position in shares of ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 9,341 shares of the company’s stock, valued at approximately $271,000. Jane Street Group LLC owned 11.68% of ProShares S&P Global Core Battery Metals ETF at the end of the most recent reporting period.

ProShares S&P Global Core Battery Metals ETF Price Performance

ProShares S&P Global Core Battery Metals ETF stock traded down $2.35 during midday trading on Friday, hitting $59.00. The company’s stock had a trading volume of 33,840 shares, compared to its average volume of 19,249. The company has a market cap of $10.03 million, a price-to-earnings ratio of 16.75 and a beta of 1.01. ProShares S&P Global Core Battery Metals ETF has a 1-year low of $20.72 and a 1-year high of $65.33. The company has a 50-day moving average price of $50.17 and a two-hundred day moving average price of $40.91.

About ProShares S&P Global Core Battery Metals ETF

The Proshares S&P Global Core Battery Metals ETF (ION) is an exchange-traded fund that is based on the S&P Global Core Battery Metals index. The fund tracks an index of companies from around the world that are engaged in the mining of base metals used to produce batteries. ION was launched on Nov 29, 2022 and is managed by ProShares.