Short Interest in ProShares Online Retail ETF (NYSEARCA:ONLN) Decreases By 70.5%

ProShares Online Retail ETF (NYSEARCA:ONLN) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 2,934 shares, a drop of 70.5% from the December 15th total of 9,940 shares. Based on an average daily volume of 19,809 shares, the short-interest ratio is presently 0.1 days. Currently, 0.2% of the shares of the company are sold short. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 19,809 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of ProShares Online Retail ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. boosted its position in ProShares Online Retail ETF by 16.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 15,936 shares of the company’s stock worth $809,000 after purchasing an additional 2,221 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in ProShares Online Retail ETF during the second quarter worth $55,000. Bank of America Corp DE grew its position in ProShares Online Retail ETF by 0.8% during the second quarter. Bank of America Corp DE now owns 96,573 shares of the company’s stock valued at $4,900,000 after buying an additional 794 shares during the period. Tower Research Capital LLC TRC grew its position in ProShares Online Retail ETF by 2,881.9% during the second quarter. Tower Research Capital LLC TRC now owns 9,572 shares of the company’s stock valued at $486,000 after buying an additional 9,251 shares during the period. Finally, EWG Elevate Inc. purchased a new position in ProShares Online Retail ETF in the third quarter valued at $486,000.

ProShares Online Retail ETF Price Performance

NYSEARCA:ONLN traded down $1.58 during mid-day trading on Tuesday, hitting $62.10. The company’s stock had a trading volume of 3,481 shares, compared to its average volume of 11,494. The business’s fifty day moving average is $59.62 and its two-hundred day moving average is $58.03. The stock has a market cap of $78.25 million, a price-to-earnings ratio of 22.53 and a beta of 1.36. ProShares Online Retail ETF has a 1 year low of $36.21 and a 1 year high of $63.94.

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.