Short Interest in ProShares Online Retail ETF (NYSEARCA:ONLN) Decreases By 37.2%

ProShares Online Retail ETF (NYSEARCA:ONLN) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totaling 6,290 shares, a decline of 37.2% from the March 15th total of 10,022 shares. Based on an average daily volume of 6,156 shares, the short-interest ratio is presently 1.0 days. Approximately 0.6% of the company’s stock are sold short.

Institutional Investors Weigh In On ProShares Online Retail ETF

Several hedge funds and other institutional investors have recently bought and sold shares of ONLN. JPMorgan Chase & Co. acquired a new position in shares of ProShares Online Retail ETF during the second quarter valued at about $55,000. 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 valued at $4,900,000 after buying an additional 794 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of ProShares Online Retail ETF by 2,881.9% during the second quarter. Tower Research Capital LLC TRC now owns 9,572 shares of the company’s stock valued at $486,000 after buying an additional 9,251 shares during the last quarter. EWG Elevate Inc. purchased a new position in shares of ProShares Online Retail ETF during the third quarter valued at approximately $486,000. Finally, Farther Finance Advisors LLC purchased a new position in shares of ProShares Online Retail ETF during the third quarter valued at approximately $50,000.

ProShares Online Retail ETF Stock Up 0.8%

ONLN traded up $0.50 during midday trading on Thursday, hitting $59.55. The company had a trading volume of 355 shares, compared to its average volume of 10,774. ProShares Online Retail ETF has a 52 week low of $38.16 and a 52 week high of $63.94. The company has a market capitalization of $67.89 million, a price-to-earnings ratio of 22.53 and a beta of 1.40. The stock’s 50 day moving average price is $54.30 and its 200 day moving average price is $58.09.

About ProShares Online Retail ETF

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.