ProShares On-Demand ETF (NYSEARCA:OND) Short Interest Update

ProShares On-Demand ETF (NYSEARCA:OND) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 106 shares, a decrease of 54.5% from the August 31st total of 233 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 506 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ProShares On-Demand ETF stock. IFP Advisors Inc bought a new position in ProShares On-Demand ETF (NYSEARCA:OND) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,425 shares of the company’s stock, valued at approximately $100,000. IFP Advisors Inc owned about 1.62% of ProShares On-Demand ETF as of its most recent filing with the Securities and Exchange Commission.

ProShares On-Demand ETF Price Performance

Shares of NYSEARCA:OND traded down $0.60 during midday trading on Monday, reaching $32.67. The company had a trading volume of 16 shares, compared to its average volume of 844. The stock’s fifty day moving average price is $34.52 and its 200-day moving average price is $34.56. The stock has a market capitalization of $2.61 million, a P/E ratio of 36.24 and a beta of 1.21. ProShares On-Demand ETF has a one year low of $32.32 and a one year high of $49.00.

ProShares On-Demand ETF Company Profile

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.