Global X Adaptive U.S. Risk Management ETF (NYSEARCA:ONOF – Get Free Report) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 4,246 shares, a decrease of 64.7% from the August 15th total of 12,021 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 6,818 shares, the days-to-cover ratio is currently 0.6 days.
Global X Adaptive U.S. Risk Management ETF Stock Up 1.1%
NYSEARCA ONOF traded up $0.43 during trading hours on Friday, reaching $40.81. 8,849 shares of the company were exchanged, compared to its average volume of 10,943. The stock has a market capitalization of $140.79 million, a P/E ratio of 26.12 and a beta of 0.78. Global X Adaptive U.S. Risk Management ETF has a 1 year low of $35.68 and a 1 year high of $41.62. The business’s 50 day simple moving average is $40.51 and its 200-day simple moving average is $39.08.
Institutional Investors Weigh In On Global X Adaptive U.S. Risk Management ETF
A number of hedge funds have recently modified their holdings of the stock. Bank of America Corp DE lifted its stake in Global X Adaptive U.S. Risk Management ETF by 5.5% in the second quarter. Bank of America Corp DE now owns 5,743 shares of the company’s stock valued at $197,000 after purchasing an additional 298 shares during the last quarter. Citadel Advisors LLC purchased a new stake in Global X Adaptive U.S. Risk Management ETF in the third quarter worth $472,000. LPL Financial LLC raised its stake in shares of Global X Adaptive U.S. Risk Management ETF by 8.5% in the fourth quarter. LPL Financial LLC now owns 594,085 shares of the company’s stock valued at $22,355,000 after buying an additional 46,687 shares during the period. Cetera Investment Advisers raised its stake in shares of Global X Adaptive U.S. Risk Management ETF by 5.1% in the fourth quarter. Cetera Investment Advisers now owns 293,739 shares of the company’s stock valued at $11,053,000 after buying an additional 14,380 shares during the period. Finally, Align Financial LLC purchased a new position in shares of Global X Adaptive U.S. Risk Management ETF during the 4th quarter valued at $6,102,000.
About Global X Adaptive U.S. Risk Management ETF
The Global X Adaptive U.S. Risk Management ETF (ONOF) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund tracks an index that allocates 100% of the portfolio to US equities or short-term Treasurys based on four market indicators. ONOF was launched on Jan 12, 2021 and is managed by Global X.
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