ProShares On-Demand ETF (NYSEARCA:OND – Get Free Report) was the recipient of a significant drop in short interest in May. As of May 29th, there was short interest totaling 101 shares, a drop of 38.4% from the May 14th total of 164 shares. Based on an average daily volume of 638 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are short sold.
ProShares On-Demand ETF Stock Performance
NYSEARCA OND opened at $33.91 on Monday. The firm’s 50 day moving average price is $34.89 and its 200-day moving average price is $37.31. ProShares On-Demand ETF has a 52-week low of $32.32 and a 52-week high of $49.00. The company has a market cap of $3.39 million, a PE ratio of 36.24 and a beta of 1.22.
Hedge Funds Weigh In On ProShares On-Demand ETF
A number of hedge funds and other institutional investors have recently modified their holdings of OND. Sowell Financial Services LLC lifted its position in ProShares On-Demand ETF by 123.8% during the fourth quarter. Sowell Financial Services LLC now owns 44,898 shares of the company’s stock valued at $1,847,000 after acquiring an additional 24,832 shares during the last quarter. Citadel Advisors LLC purchased a new stake in ProShares On-Demand ETF during the third quarter valued at approximately $1,136,000. Susquehanna International Group LLP purchased a new stake in ProShares On-Demand ETF during the third quarter valued at approximately $944,000. Flow Traders U.S. LLC purchased a new stake in ProShares On-Demand ETF during the third quarter valued at approximately $525,000. Finally, Jane Street Group LLC purchased a new stake in ProShares On-Demand ETF during the fourth quarter valued at approximately $369,000.
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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