ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) Sees Significant Growth in Short Interest

ProShares S&P Global Core Battery Metals ETF (NYSEARCA:IONGet Free Report) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 33,452 shares, a growth of 1,051.9% from the December 31st total of 2,904 shares. Based on an average daily trading volume, of 17,838 shares, the days-to-cover ratio is presently 1.9 days. Approximately 15.2% of the shares of the company are sold short. Approximately 15.2% of the shares of the company are sold short. Based on an average daily trading volume, of 17,838 shares, the days-to-cover ratio is presently 1.9 days.

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

An institutional investor recently bought a new position 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:IONFree Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,341 shares of the company’s stock, valued at approximately $271,000. Jane Street Group LLC owned about 11.68% of ProShares S&P Global Core Battery Metals ETF at the end of the most recent quarter.

ProShares S&P Global Core Battery Metals ETF Stock Performance

Shares of ION traded up $0.32 during trading hours on Tuesday, reaching $65.04. 15,700 shares of the company traded hands, compared to its average volume of 18,112. ProShares S&P Global Core Battery Metals ETF has a 1-year low of $20.72 and a 1-year high of $66.00. The stock has a market cap of $14.31 million, a P/E ratio of 16.75 and a beta of 1.01. The stock’s fifty day moving average is $52.62 and its 200 day moving average is $42.57.

ProShares S&P Global Core Battery Metals ETF Company Profile

(Get Free Report)

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.

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