ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) Shares Up 1.6% – What’s Next?

ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) shares were up 1.6% during trading on Thursday . The company traded as high as $48.73 and last traded at $48.70. 892 shares were traded during trading, a decline of 87% from the average daily volume of 6,697 shares. The stock had previously closed at $47.95.

ProShares S&P Global Core Battery Metals ETF Price Performance

The stock’s 50 day simple moving average is $50.15 and its two-hundred day simple moving average is $55.34. The stock has a market cap of $48.65 million, a price-to-earnings ratio of 16.75 and a beta of 1.02.

Institutional Trading of ProShares S&P Global Core Battery Metals ETF

Institutional investors have recently bought and sold shares of the stock. Citadel Advisors LLC acquired a new stake in shares of ProShares S&P Global Core Battery Metals ETF in the 2nd quarter valued at $296,000. Moulton Wealth Management Inc. bought a new position in ProShares S&P Global Core Battery Metals ETF in the 2nd quarter worth approximately $1,149,000. Finally, Moran Wealth Management LLC bought a new position in ProShares S&P Global Core Battery Metals ETF in the 1st quarter worth approximately $999,000.

ProShares S&P Global Core Battery Metals ETF Company Profile

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.