ProShares On-Demand ETF (NYSEARCA:OND – Get Free Report) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 106 shares, a decline of 54.5% from the August 31st total of 233 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 506 shares, the short-interest ratio is currently 0.2 days.
ProShares On-Demand ETF Price Performance
OND stock traded up $0.19 during mid-day trading on Wednesday, reaching $32.91. The company had a trading volume of 162 shares, compared to its average volume of 837. The company has a market capitalization of $2.63 million, a PE ratio of 36.24 and a beta of 1.21. The firm has a 50 day moving average of $34.46 and a 200 day moving average of $34.53. ProShares On-Demand ETF has a 12 month low of $32.32 and a 12 month high of $49.00.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in ProShares On-Demand ETF stock. IFP Advisors Inc bought a new stake in shares of ProShares On-Demand ETF (NYSEARCA:OND – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,425 shares of the company’s stock, valued at approximately $100,000. IFP Advisors Inc owned approximately 1.62% of ProShares On-Demand ETF as of its most recent SEC filing.
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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