Global X Adaptive U.S. Risk Management ETF (NYSEARCA:ONOF) Short Interest Update

Global X Adaptive U.S. Risk Management ETF (NYSEARCA:ONOF) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 705 shares, a growth of 98.6% from the May 14th total of 355 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 39,964 shares, the days-to-cover ratio is currently 0.0 days.

Global X Adaptive U.S. Risk Management ETF Price Performance

Shares of NYSEARCA:ONOF traded down $0.10 during midday trading on Tuesday, reaching $40.24. 2,946 shares of the company’s stock were exchanged, compared to its average volume of 13,200. The firm’s 50 day simple moving average is $38.77 and its two-hundred day simple moving average is $38.01. The stock has a market cap of $155.33 million, a price-to-earnings ratio of 26.12 and a beta of 0.78. Global X Adaptive U.S. Risk Management ETF has a fifty-two week low of $33.10 and a fifty-two week high of $40.71.

Institutional Trading of Global X Adaptive U.S. Risk Management ETF

A number of hedge funds and other institutional investors have recently modified their holdings of ONOF. Bank of America Corp DE increased its position in shares of Global X Adaptive U.S. Risk Management ETF by 5.5% during the 2nd quarter. Bank of America Corp DE now owns 5,743 shares of the company’s stock worth $197,000 after purchasing an additional 298 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of Global X Adaptive U.S. Risk Management ETF during the 3rd quarter worth about $472,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Global X Adaptive U.S. Risk Management ETF by 0.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,666,611 shares of the company’s stock worth $101,865,000 after purchasing an additional 10,137 shares during the last quarter. LPL Financial LLC increased its position in shares of Global X Adaptive U.S. Risk Management ETF by 8.5% during the 4th quarter. LPL Financial LLC now owns 594,085 shares of the company’s stock worth $22,355,000 after purchasing an additional 46,687 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in shares of Global X Adaptive U.S. Risk Management ETF by 5.1% during the 4th quarter. Cetera Investment Advisers now owns 293,739 shares of the company’s stock worth $11,053,000 after purchasing an additional 14,380 shares during the last quarter.

Global X Adaptive U.S. Risk Management ETF Company Profile

The Global X Adaptive U.S. Risk Management ETF (ONOF) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund tracks an index that allocates 100% of the portfolio to US equities or short-term Treasurys based on four market indicators. ONOF was launched on Jan 12, 2021 and is managed by Global X.