Global X Adaptive U.S. Risk Management ETF (NYSEARCA:ONOF) Short Interest Up 983.4% in July

Global X Adaptive U.S. Risk Management ETF (NYSEARCA:ONOF) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 15,081 shares, an increase of 983.4% from the July 15th total of 1,392 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 12,748 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Trading of Global X Adaptive U.S. Risk Management ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Maridea Wealth Management LLC purchased a new position in Global X Adaptive U.S. Risk Management ETF during the 1st quarter worth $2,156,000. Cetera Investment Advisers increased its stake in Global X Adaptive U.S. Risk Management ETF by 1.2% in the first quarter. Cetera Investment Advisers now owns 297,246 shares of the company’s stock valued at $10,774,000 after purchasing an additional 3,507 shares during the period. Citadel Advisors LLC purchased a new stake in shares of Global X Adaptive U.S. Risk Management ETF in the third quarter valued at about $472,000. Align Financial LLC purchased a new stake in shares of Global X Adaptive U.S. Risk Management ETF in the fourth quarter valued at about $6,102,000. Finally, LPL Financial LLC boosted its stake in shares of Global X Adaptive U.S. Risk Management ETF by 8.5% during the fourth quarter. LPL Financial LLC now owns 594,085 shares of the company’s stock worth $22,355,000 after buying an additional 46,687 shares during the period.

Global X Adaptive U.S. Risk Management ETF Stock Performance

NYSEARCA ONOF traded down $0.11 on Tuesday, reaching $41.13. The stock had a trading volume of 5,224 shares, compared to its average volume of 11,802. Global X Adaptive U.S. Risk Management ETF has a 12-month low of $35.16 and a 12-month high of $41.31. The business’s 50-day moving average price is $39.93 and its 200 day moving average price is $38.58. The stock has a market cap of $141.90 million, a P/E ratio of 26.12 and a beta of 0.78.

Global X Adaptive U.S. Risk Management ETF Company Profile

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.