Short Interest in Global X Adaptive U.S. Risk Management ETF (NYSEARCA:ONOF) Expands By 98.6%

Global X Adaptive U.S. Risk Management ETF (NYSEARCA:ONOF) saw a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 705 shares, an increase of 98.6% from the May 14th total of 355 shares. Based on an average daily volume of 39,964 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Global X Adaptive U.S. Risk Management ETF Stock Up 0.4%

ONOF stock traded up $0.17 during midday trading on Friday, hitting $39.67. 4,367 shares of the company traded hands, compared to its average volume of 13,378. Global X Adaptive U.S. Risk Management ETF has a twelve month low of $33.08 and a twelve month high of $40.71. The business has a 50 day simple moving average of $38.69 and a 200-day simple moving average of $37.99. The stock has a market capitalization of $153.13 million, a price-to-earnings ratio of 26.12 and a beta of 0.78.

Hedge Funds Weigh In On Global X Adaptive U.S. Risk Management ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its holdings in Global X Adaptive U.S. Risk Management ETF by 5.5% during 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 acquired a new position in Global X Adaptive U.S. Risk Management ETF during the third quarter valued at approximately $472,000. Maridea Wealth Management LLC acquired a new position in Global X Adaptive U.S. Risk Management ETF during the first quarter valued at approximately $2,156,000. Align Financial LLC acquired a new position in Global X Adaptive U.S. Risk Management ETF during the fourth quarter valued at approximately $6,102,000. Finally, Cetera Investment Advisers grew its holdings in Global X Adaptive U.S. Risk Management ETF by 1.2% during the first quarter. Cetera Investment Advisers now owns 297,246 shares of the company’s stock valued at $10,774,000 after purchasing an additional 3,507 shares during the last quarter.

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.