ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) Short Interest Update

ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 1,015 shares, a decline of 37.2% from the June 30th total of 1,616 shares. Based on an average daily volume of 1,895 shares, the short-interest ratio is presently 0.5 days. Approximately 0.4% of the shares of the stock are sold short.

Institutional Trading of ProShares S&P Global Core Battery Metals ETF

Several institutional investors and hedge funds have recently made changes to their positions in ION. Jane Street Group LLC acquired a new stake in shares of ProShares S&P Global Core Battery Metals ETF during the second quarter valued at $271,000. Moran Wealth Management LLC purchased a new stake in ProShares S&P Global Core Battery Metals ETF during the 1st quarter worth about $999,000. Finally, Moulton Wealth Management Inc. acquired a new position in ProShares S&P Global Core Battery Metals ETF in the 2nd quarter valued at about $1,149,000.

ProShares S&P Global Core Battery Metals ETF Stock Performance

ION stock traded up $1.41 on Thursday, reaching $47.50. The company had a trading volume of 5,432 shares, compared to its average volume of 7,977. The company’s fifty day moving average is $52.96 and its 200 day moving average is $57.63. The company has a market cap of $11.88 million, a P/E ratio of 16.75 and a beta of 0.99. ProShares S&P Global Core Battery Metals ETF has a 1 year low of $30.63 and a 1 year high of $69.55.

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.