ProShares Online Retail ETF (NYSEARCA:ONLN) Shares Up 1.3% – Here’s Why

ProShares Online Retail ETF (NYSEARCA:ONLN)’s stock price traded up 1.3% during mid-day trading on Thursday . The company traded as high as $60.12 and last traded at $59.29. 6,982 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 11,531 shares. The stock had previously closed at $58.53.

ProShares Online Retail ETF Stock Up 1.3%

The firm has a market cap of $75.89 million, a P/E ratio of 22.53 and a beta of 1.36. The business’s 50 day moving average is $59.27 and its 200-day moving average is $56.65.

Institutional Investors Weigh In On ProShares Online Retail ETF

A number of institutional investors have recently modified their holdings of ONLN. Farther Finance Advisors LLC bought a new position in shares of ProShares Online Retail ETF during the third quarter worth about $50,000. JPMorgan Chase & Co. acquired a new stake in ProShares Online Retail ETF during the second quarter valued at approximately $55,000. Advisors Preferred LLC bought a new position in ProShares Online Retail ETF during the 3rd quarter worth approximately $71,000. GeoWealth Management LLC bought a new position in ProShares Online Retail ETF during the 3rd quarter worth approximately $441,000. Finally, EWG Elevate Inc. acquired a new position in shares of ProShares Online Retail ETF in the 3rd quarter worth approximately $486,000.

About ProShares Online Retail ETF

The ProShares Online Retail ETF (ONLN) is an exchange-traded fund that is based on the ProShares Online Retail index. The fund tracks a global, modified market-cap weighted index of stocks issued by companies classified as online retailers. ONLN was launched on Jul 13, 2018 and is managed by ProShares.