Shares of ProShares Online Retail ETF (NYSEARCA:ONLN – Get Free Report) were down 1.2% during mid-day trading on Tuesday . The stock traded as low as $56.45 and last traded at $56.87. 3,806 shares traded hands during trading, a decline of 56% from the average daily volume of 8,567 shares. The stock had previously closed at $57.56.
ProShares Online Retail ETF Stock Down 1.2%
The business has a fifty day moving average price of $58.17 and a 200-day moving average price of $56.65. The company has a market cap of $61.99 million, a P/E ratio of 22.53 and a beta of 1.37.
Institutional Trading of ProShares Online Retail ETF
Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. bought a new stake in ProShares Online Retail ETF in the 2nd quarter valued at about $55,000. Royal Bank of Canada increased its holdings in shares of ProShares Online Retail ETF by 41.7% during the fourth quarter. Royal Bank of Canada now owns 1,365 shares of the company’s stock worth $81,000 after purchasing an additional 402 shares during the period. GeoWealth Management LLC bought a new position in shares of ProShares Online Retail ETF during the third quarter worth approximately $441,000. Goldman Sachs Group Inc. raised its position in shares of ProShares Online Retail ETF by 75.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 7,450 shares of the company’s stock valued at $441,000 after buying an additional 3,200 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of ProShares Online Retail ETF by 2,881.9% in 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 in the last quarter.
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.
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