ProShares Online Retail ETF (NYSEARCA:ONLN) Short Interest Down 58.7% in February

ProShares Online Retail ETF (NYSEARCA:ONLN) was the target of a large decrease in short interest in February. As of February 13th, there was short interest totaling 4,022 shares, a decrease of 58.7% from the January 29th total of 9,748 shares. Based on an average daily trading volume, of 14,069 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.3% of the company’s stock are sold short. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 14,069 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On ProShares Online Retail ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC bought a new position in ProShares Online Retail ETF in the third quarter worth approximately $50,000. JPMorgan Chase & Co. purchased a new position in shares of ProShares Online Retail ETF in the 2nd quarter valued at $55,000. Advisors Preferred LLC bought a new position in shares of ProShares Online Retail ETF in the 3rd quarter worth $71,000. Royal Bank of Canada lifted its stake in shares of ProShares Online Retail ETF by 41.7% during the 4th quarter. Royal Bank of Canada now owns 1,365 shares of the company’s stock worth $81,000 after purchasing an additional 402 shares during the last quarter. Finally, GeoWealth Management LLC purchased a new stake in shares of ProShares Online Retail ETF during the 3rd quarter worth $441,000.

ProShares Online Retail ETF Stock Up 0.1%

Shares of ONLN stock traded up $0.07 on Friday, hitting $55.70. The stock had a trading volume of 7,270 shares, compared to its average volume of 13,709. The business has a 50 day moving average price of $58.85 and a 200 day moving average price of $59.15. The company has a market cap of $67.95 million, a PE ratio of 22.53 and a beta of 1.36. ProShares Online Retail ETF has a one year low of $36.21 and a one year high of $63.94.

ProShares Online Retail ETF Company Profile

The ProShares Online Retail ETF (ONLN) is an exchange-traded fund that is based on the ProShares Online Retail index. The fund tracks a global, modified market-cap weighted index of stocks issued by companies classified as online retailers. ONLN was launched on Jul 13, 2018 and is managed by ProShares.