ProShares Online Retail ETF (NYSEARCA:ONLN) Stock Price Down 0.4% – Here’s What Happened

Shares of ProShares Online Retail ETF (NYSEARCA:ONLN) were down 0.4% during mid-day trading on Tuesday . The stock traded as low as $56.00 and last traded at $56.10. Approximately 2,709 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 9,251 shares. The stock had previously closed at $56.34.

ProShares Online Retail ETF Stock Up 1.7%

The stock has a market cap of $65.88 million, a PE ratio of 22.53 and a beta of 1.37. The business has a 50 day moving average price of $56.33 and a 200 day moving average price of $56.99.

Hedge Funds Weigh In On ProShares Online Retail ETF

Several hedge funds and other institutional investors have recently made changes to their positions in ONLN. SG Americas Securities LLC lifted its stake in ProShares Online Retail ETF by 6.3% during the first quarter. SG Americas Securities LLC now owns 11,045 shares of the company’s stock worth $588,000 after purchasing an additional 657 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of ProShares Online Retail ETF by 32.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 12,075 shares of the company’s stock valued at $715,000 after buying an additional 2,938 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of 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 valued at $81,000 after buying an additional 402 shares during the period. Wells Fargo & Company MN raised its holdings in shares of ProShares Online Retail ETF by 11.2% in the 4th quarter. Wells Fargo & Company MN now owns 11,434 shares of the company’s stock valued at $677,000 after buying an additional 1,155 shares during the period. Finally, HRT Financial LP purchased a new stake in shares of ProShares Online Retail ETF in the 4th quarter valued at $1,047,000.

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.