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

Posted by Dante Gardener on Feb 17th, 2026

ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION – Get Free Report) was the recipient of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 25,581 shares, a drop of 23.5% from the January 15th total of 33,452 shares. Approximately 10.2% of the company’s shares are sold short. Based on an average daily volume of 21,689 shares, the days-to-cover ratio is currently 1.2 days. Based on an average daily volume of 21,689 shares, the days-to-cover ratio is currently 1.2 days. Approximately 10.2% of the company’s shares are sold short.

Hedge Funds 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 – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 quarter.

ProShares S&P Global Core Battery Metals ETF Stock Performance

Shares of ION traded down $0.19 during midday trading on Tuesday, hitting $58.79. 3,530 shares of the stock were exchanged, compared to its average volume of 15,991. The firm has a market cap of $14.70 million, a P/E ratio of 16.75 and a beta of 1.01. ProShares S&P Global Core Battery Metals ETF has a 52-week low of $20.72 and a 52-week high of $66.00. The stock has a fifty day simple moving average of $56.16 and a 200 day simple moving average of $45.22.

ProShares S&P Global Core Battery Metals ETF Company Profile

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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.