ProShares Online Retail ETF (NYSEARCA:ONLN – Get Free Report)’s stock price traded down 1.2% on Tuesday . The stock traded as low as $56.45 and last traded at $56.87. 3,806 shares were traded during trading, a decline of 56% from the average session volume of 8,567 shares. The stock had previously closed at $57.56.
ProShares Online Retail ETF Trading Down 0.4%
The company has a 50 day moving average of $58.17 and a 200-day moving average of $56.67. The firm has a market capitalization of $60.56 million, a P/E ratio of 22.53 and a beta of 1.37.
Hedge Funds Weigh In On ProShares Online Retail ETF
Institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. bought a new position in ProShares Online Retail ETF during the second quarter worth about $55,000. Royal Bank of Canada boosted its holdings 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 valued at $81,000 after purchasing an additional 402 shares during the period. GeoWealth Management LLC acquired a new position in shares of ProShares Online Retail ETF during the 3rd quarter worth approximately $441,000. Goldman Sachs Group Inc. grew its position in shares of ProShares Online Retail ETF by 75.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 7,450 shares of the company’s stock worth $441,000 after purchasing an additional 3,200 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of ProShares Online Retail ETF by 2,881.9% during the second quarter. Tower Research Capital LLC TRC now owns 9,572 shares of the company’s stock worth $486,000 after purchasing an additional 9,251 shares during the period.
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.
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