Global X Adaptive U.S. Risk Management ETF (NYSEARCA:ONOF) Short Interest Update

Global X Adaptive U.S. Risk Management ETF (NYSEARCA:ONOF) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 407 shares, a drop of 98.3% from the April 15th total of 24,432 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 8,222 shares, the days-to-cover ratio is currently 0.0 days.

Global X Adaptive U.S. Risk Management ETF Stock Down 0.6%

ONOF stock traded down $0.23 during midday trading on Tuesday, hitting $39.25. The company’s stock had a trading volume of 248 shares, compared to its average volume of 10,997. Global X Adaptive U.S. Risk Management ETF has a 12 month low of $32.02 and a 12 month high of $39.93. The company has a 50 day moving average of $37.19 and a two-hundred day moving average of $37.58. The firm has a market capitalization of $151.51 million, a price-to-earnings ratio of 26.12 and a beta of 0.78.

Hedge Funds Weigh In On Global X Adaptive U.S. Risk Management ETF

Several institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its holdings in Global X Adaptive U.S. Risk Management ETF by 5.5% in the 2nd quarter. Bank of America Corp DE now owns 5,743 shares of the company’s stock valued at $197,000 after acquiring an additional 298 shares during the last quarter. Citadel Advisors LLC purchased a new stake in shares of Global X Adaptive U.S. Risk Management ETF in the third quarter worth about $472,000. Maridea Wealth Management LLC bought a new position in Global X Adaptive U.S. Risk Management ETF during the first quarter valued at approximately $2,156,000. Align Financial LLC purchased a new position in Global X Adaptive U.S. Risk Management ETF during the 4th quarter valued at approximately $6,102,000. Finally, Cetera Investment Advisers grew its holdings in Global X Adaptive U.S. Risk Management ETF by 5.1% during the 4th quarter. Cetera Investment Advisers now owns 293,739 shares of the company’s stock valued at $11,053,000 after buying an additional 14,380 shares in the last quarter.

About Global X Adaptive U.S. Risk Management ETF

The Global X Adaptive U.S. Risk Management ETF (ONOF) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund tracks an index that allocates 100% of the portfolio to US equities or short-term Treasurys based on four market indicators. ONOF was launched on Jan 12, 2021 and is managed by Global X.