ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION – Get Free Report) saw a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 1,015 shares, a decline of 37.2% from the June 30th total of 1,616 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily volume of 1,895 shares, the days-to-cover ratio is presently 0.5 days.
ProShares S&P Global Core Battery Metals ETF Stock Down 0.3%
NYSEARCA:ION traded down $0.13 during trading hours on Friday, reaching $47.37. 294 shares of the stock were exchanged, compared to its average volume of 7,924. ProShares S&P Global Core Battery Metals ETF has a twelve month low of $30.63 and a twelve month high of $69.55. The business has a 50-day moving average of $52.72 and a two-hundred day moving average of $57.56. The company has a market capitalization of $11.84 million, a price-to-earnings ratio of 16.75 and a beta of 0.99.
Hedge Funds Weigh In On ProShares S&P Global Core Battery Metals ETF
Hedge funds have recently bought and sold shares of the company. Moran Wealth Management LLC acquired a new position in ProShares S&P Global Core Battery Metals ETF in the 1st quarter valued at about $999,000. Moulton Wealth Management Inc. purchased a new position in shares of ProShares S&P Global Core Battery Metals ETF in the second quarter valued at approximately $1,149,000. Finally, Jane Street Group LLC purchased a new position in shares of ProShares S&P Global Core Battery Metals ETF in the second quarter valued at approximately $271,000.
About ProShares S&P Global Core Battery Metals ETF
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.
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