ProShares Online Retail ETF (NYSEARCA:ONLN) Sees Large Decrease in Short Interest

ProShares Online Retail ETF (NYSEARCA:ONLN) saw a significant decline in short interest in May. As of May 29th, there was short interest totaling 2,326 shares, a decline of 45.9% from the May 14th total of 4,302 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 8,840 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On ProShares Online Retail ETF

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. purchased a new stake in shares of ProShares Online Retail ETF during the 2nd quarter worth about $55,000. Advisors Preferred LLC acquired a new stake in ProShares Online Retail ETF in the 3rd quarter valued at about $71,000. Royal Bank of Canada lifted its stake in ProShares Online Retail ETF by 41.7% in 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 in the last quarter. Farther Finance Advisors LLC lifted its stake in ProShares Online Retail ETF by 246.3% in the 4th quarter. Farther Finance Advisors LLC now owns 2,878 shares of the company’s stock worth $171,000 after purchasing an additional 2,047 shares in the last quarter. Finally, GeoWealth Management LLC acquired a new stake in shares of ProShares Online Retail ETF during the 3rd quarter worth approximately $441,000.

ProShares Online Retail ETF Trading Down 0.3%

Shares of ONLN stock traded down $0.17 during trading hours on Friday, reaching $54.35. 5,263 shares of the company’s stock were exchanged, compared to its average volume of 9,973. The stock’s 50 day moving average is $57.30 and its 200-day moving average is $57.58. The company has a market cap of $62.50 million, a price-to-earnings ratio of 22.53 and a beta of 1.37. ProShares Online Retail ETF has a fifty-two week low of $48.73 and a fifty-two week 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.