ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) Stock Price Up 1.6% – Here’s What Happened

ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION)’s stock price rose 1.6% during trading on Thursday . The stock traded as high as $48.73 and last traded at $48.70. 892 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 6,697 shares. The stock had previously closed at $47.95.

ProShares S&P Global Core Battery Metals ETF Stock Performance

The stock has a fifty day moving average of $50.15 and a 200 day moving average of $55.29. The company has a market capitalization of $48.44 million, a P/E ratio of 16.75 and a beta of 1.02.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Moulton Wealth Management Inc. purchased a new position in shares of ProShares S&P Global Core Battery Metals ETF during the 2nd quarter valued at about $1,149,000. Moran Wealth Management LLC purchased a new stake in ProShares S&P Global Core Battery Metals ETF in the 1st quarter worth approximately $999,000. Finally, Citadel Advisors LLC purchased a new stake in ProShares S&P Global Core Battery Metals ETF in the 2nd quarter worth approximately $296,000.

About ProShares S&P Global Core Battery Metals ETF

The Proshares S&P Global Core Battery Metals ETF (ION) is an exchange-traded fund that is based on the S&P Global Core Battery Metals index. The fund tracks an index of companies from around the world that are engaged in the mining of base metals used to produce batteries. ION was launched on Nov 29, 2022 and is managed by ProShares.