ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) Stock Short Interest Climbs 65.2%

ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 365 shares, an increase of 65.2% from the September 30th total of 221 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 2,710 shares, the days-to-cover ratio is currently 0.1 days.

ProShares S&P Global Core Battery Metals ETF Stock Performance

Shares of ION stock opened at $37.62 on Monday. The firm has a market cap of $8.28 million, a price-to-earnings ratio of 16.75 and a beta of 1.07. ProShares S&P Global Core Battery Metals ETF has a 52 week low of $37.51 and a 52 week high of $69.55. The firm’s 50-day simple moving average is $46.74 and its two-hundred day simple moving average is $54.36.

Institutional Investors Weigh In On ProShares S&P Global Core Battery Metals ETF

Several large investors have recently modified their holdings of ION. Citadel Advisors LLC purchased a new stake in ProShares S&P Global Core Battery Metals ETF in the second quarter worth $296,000. 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 $1,149,000. Finally, Moran Wealth Management LLC purchased a new position in shares of ProShares S&P Global Core Battery Metals ETF during the 1st quarter valued at $999,000.

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.