ProShares On-Demand ETF (NYSEARCA:OND – Get Free Report) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 363 shares, an increase of 266.7% from the June 30th total of 99 shares. Based on an average trading volume of 366 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.4% of the shares of the stock are short sold.
Hedge Funds Weigh In On ProShares On-Demand ETF
Several institutional investors have recently bought and sold shares of OND. Sowell Financial Services LLC grew its stake in shares of ProShares On-Demand ETF by 123.8% in the 4th quarter. Sowell Financial Services LLC now owns 44,898 shares of the company’s stock worth $1,847,000 after buying an additional 24,832 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of ProShares On-Demand ETF during the 3rd quarter valued at about $1,136,000. Susquehanna International Group LLP purchased a new stake in shares of ProShares On-Demand ETF during the 3rd quarter valued at about $944,000. Flow Traders U.S. LLC bought a new position in shares of ProShares On-Demand ETF in the 3rd quarter valued at about $525,000. Finally, Jane Street Group LLC bought a new position in shares of ProShares On-Demand ETF in the 4th quarter valued at about $369,000.
ProShares On-Demand ETF Price Performance
Shares of NYSEARCA OND traded up $0.01 during midday trading on Friday, reaching $32.99. 110 shares of the stock traded hands, compared to its average volume of 1,009. The company’s 50 day moving average is $34.61 and its 200 day moving average is $35.80. ProShares On-Demand ETF has a one year low of $32.32 and a one year high of $49.00. The stock has a market capitalization of $3.30 million, a PE ratio of 36.24 and a beta of 1.21.
About ProShares On-Demand ETF
The ProShares On-Demand ETF (OND) is an exchange-traded fund that is based on the FactSet On-Demand index, a market-cap-weighted index of global stocks that provides on-demand platforms and services to consumers. OND was launched on Oct 26, 2021 and is managed by ProShares.
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