ProShares Online Retail ETF (NYSEARCA:ONLN) Trading Down 0.3% – Here’s Why

Shares of ProShares Online Retail ETF (NYSEARCA:ONLN) dropped 0.3% during mid-day trading on Thursday . The company traded as low as $52.09 and last traded at $53.16. Approximately 1,106 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 11,156 shares. The stock had previously closed at $53.33.

ProShares Online Retail ETF Price Performance

The firm has a market capitalization of $64.86 million, a PE ratio of 22.53 and a beta of 1.36. The company has a 50-day moving average price of $55.20 and a 200 day moving average price of $58.42.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UBS Group AG grew its holdings in ProShares Online Retail ETF by 2.4% during the 4th quarter. UBS Group AG now owns 145,201 shares of the company’s stock valued at $8,602,000 after buying an additional 3,376 shares in the last quarter. Bank of America Corp DE boosted its position in shares of ProShares Online Retail ETF by 0.8% during the second quarter. Bank of America Corp DE now owns 96,573 shares of the company’s stock worth $4,900,000 after acquiring an additional 794 shares during the last quarter. LPL Financial LLC boosted its position in shares of ProShares Online Retail ETF by 35.4% during the fourth quarter. LPL Financial LLC now owns 36,023 shares of the company’s stock worth $2,134,000 after acquiring an additional 9,414 shares during the last quarter. HRT Financial LP purchased a new position in ProShares Online Retail ETF during the fourth quarter valued at $1,047,000. Finally, Rockefeller Capital Management L.P. grew its stake in ProShares Online Retail ETF by 32.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 12,075 shares of the company’s stock valued at $715,000 after acquiring an additional 2,938 shares in the last quarter.

ProShares Online Retail ETF Company Profile

The ProShares Online Retail ETF (ONLN) is an exchange-traded fund that is based on the ProShares Online Retail index. The fund tracks a global, modified market-cap weighted index of stocks issued by companies classified as online retailers. ONLN was launched on Jul 13, 2018 and is managed by ProShares.