ProShares Online Retail ETF (NYSEARCA:ONLN) Stock Price Up 0.8% – Time to Buy?

ProShares Online Retail ETF (NYSEARCA:ONLNGet Free Report)’s stock price rose 0.8% during trading on Thursday . The stock traded as high as $56.12 and last traded at $55.78. Approximately 5,721 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 10,201 shares. The stock had previously closed at $55.35.

ProShares Online Retail ETF Stock Performance

The stock has a market cap of $62.56 million, a PE ratio of 22.53 and a beta of 1.37. The company’s 50 day simple moving average is $57.10 and its 200 day simple moving average is $57.66.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ONLN. HRT Financial LP bought a new position in shares of ProShares Online Retail ETF during the 4th quarter valued at approximately $1,047,000. LPL Financial LLC grew its position in shares of ProShares Online Retail ETF by 35.4% during the 4th quarter. LPL Financial LLC now owns 36,023 shares of the company’s stock valued at $2,134,000 after acquiring an additional 9,414 shares during the period. Tower Research Capital LLC TRC grew its position in shares of ProShares Online Retail ETF by 2,881.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 9,572 shares of the company’s stock valued at $486,000 after acquiring an additional 9,251 shares during the period. GeoWealth Management LLC bought a new position in shares of ProShares Online Retail ETF during the 3rd quarter valued at approximately $441,000. Finally, UBS Group AG grew its position in shares of ProShares Online Retail ETF by 3.1% during the 3rd quarter. UBS Group AG now owns 141,825 shares of the company’s stock valued at $8,617,000 after acquiring an additional 4,198 shares during the period.

ProShares Online Retail ETF Company Profile

(Get Free Report)

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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