Short Interest in ProShares Online Retail ETF (NYSEARCA:ONLN) Increases By 154.8%

ProShares Online Retail ETF (NYSEARCA:ONLN) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 7,492 shares, an increase of 154.8% from the June 30th total of 2,940 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 6,954 shares, the short-interest ratio is presently 1.1 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. UBS Group AG increased its holdings in shares of ProShares Online Retail ETF by 2.4% during the fourth quarter. UBS Group AG now owns 145,201 shares of the company’s stock valued at $8,602,000 after purchasing an additional 3,376 shares during the period. Bank of America Corp DE raised its stake in shares of ProShares Online Retail ETF by 0.8% during the second quarter. Bank of America Corp DE now owns 96,573 shares of the company’s stock valued at $4,900,000 after purchasing an additional 794 shares in the last quarter. LPL Financial LLC lifted its holdings in ProShares Online Retail ETF by 35.4% in the fourth quarter. LPL Financial LLC now owns 36,023 shares of the company’s stock worth $2,134,000 after purchasing an additional 9,414 shares during the period. HRT Financial LP acquired a new stake in ProShares Online Retail ETF in the fourth quarter worth about $1,047,000. Finally, Rockefeller Capital Management L.P. grew its position in ProShares Online Retail ETF by 32.2% in the 4th 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.

ProShares Online Retail ETF Price Performance

Shares of NYSEARCA ONLN traded up $0.74 during midday trading on Tuesday, hitting $57.11. 5,110 shares of the company’s stock were exchanged, compared to its average volume of 9,327. ProShares Online Retail ETF has a twelve month low of $50.87 and a twelve month high of $63.94. The firm has a market cap of $63.96 million, a P/E ratio of 22.53 and a beta of 1.37. The stock’s 50 day moving average price is $56.03 and its 200-day moving average price is $56.69.

About ProShares Online Retail ETF

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.