ProShares Online Retail ETF (NYSEARCA:ONLN) Short Interest Update

ProShares Online Retail ETF (NYSEARCA:ONLN) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totaling 7,492 shares, a growth of 154.8% from the June 30th total of 2,940 shares. Based on an average trading volume of 6,954 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.7% of the shares of the stock are short sold.

ProShares Online Retail ETF Price Performance

ProShares Online Retail ETF stock traded down $0.38 during mid-day trading on Wednesday, hitting $56.73. 4,017 shares of the company were exchanged, compared to its average volume of 9,290. ProShares Online Retail ETF has a 12-month low of $50.87 and a 12-month high of $63.94. The company has a market capitalization of $63.54 million, a P/E ratio of 22.53 and a beta of 1.37. The business’s 50 day simple moving average is $56.03 and its two-hundred day simple moving average is $56.69.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. purchased a new stake in ProShares Online Retail ETF during the second quarter valued at about $55,000. Bank of America Corp DE raised its holdings in shares of ProShares Online Retail ETF by 0.8% in the 2nd quarter. Bank of America Corp DE now owns 96,573 shares of the company’s stock worth $4,900,000 after purchasing an additional 794 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of ProShares Online Retail ETF by 2,881.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 9,572 shares of the company’s stock valued at $486,000 after purchasing an additional 9,251 shares in the last quarter. UBS Group AG lifted its stake in shares of ProShares Online Retail ETF by 3.1% in the 3rd quarter. UBS Group AG now owns 141,825 shares of the company’s stock valued at $8,617,000 after purchasing an additional 4,198 shares in the last quarter. Finally, GeoWealth Management LLC purchased a new stake in shares of ProShares Online Retail ETF during the 3rd quarter worth about $441,000.

ProShares Online Retail ETF Company Profile

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.