ProShares On-Demand ETF (NYSEARCA:OND – Get Free Report) was the target of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 101 shares, a drop of 38.4% from the May 14th total of 164 shares. Based on an average trading volume of 638 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are sold short.
Institutional Investors Weigh In On ProShares On-Demand ETF
Several institutional investors have recently bought and sold shares of OND. Sowell Financial Services LLC lifted its holdings in ProShares On-Demand ETF by 123.8% in the fourth quarter. Sowell Financial Services LLC now owns 44,898 shares of the company’s stock worth $1,847,000 after purchasing an additional 24,832 shares during the period. Citadel Advisors LLC acquired a new stake in ProShares On-Demand ETF in the third quarter worth about $1,136,000. Susquehanna International Group LLP acquired a new stake in ProShares On-Demand ETF in the third quarter worth about $944,000. Flow Traders U.S. LLC acquired a new stake in ProShares On-Demand ETF in the third quarter worth about $525,000. Finally, Jane Street Group LLC acquired a new stake in ProShares On-Demand ETF in the fourth quarter worth about $369,000.
ProShares On-Demand ETF Stock Performance
Shares of OND remained flat at $34.53 during mid-day trading on Wednesday. 198 shares of the company traded hands, compared to its average volume of 1,190. The business has a fifty day moving average of $34.94 and a 200-day moving average of $37.21. The company has a market cap of $3.45 million, a PE ratio of 36.24 and a beta of 1.22. ProShares On-Demand ETF has a twelve month low of $32.32 and a twelve month high of $49.00.
About ProShares On-Demand ETF
The ProShares On-Demand ETF (OND) is an exchange-traded fund that is based on the FactSet On-Demand index, a market-cap-weighted index of global stocks that provides on-demand platforms and services to consumers. OND was launched on Oct 26, 2021 and is managed by ProShares.
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