ProShares Online Retail ETF (NYSEARCA:ONLN) Stock Price Up 0.8% – Time to Buy?

ProShares Online Retail ETF (NYSEARCA:ONLN) rose 0.8% during mid-day trading on Thursday . The company traded as high as $56.12 and last traded at $55.78. Approximately 5,721 shares were traded during mid-day trading, a decline of 44% from the average daily volume of 10,201 shares. The stock had previously closed at $55.35.

ProShares Online Retail ETF Stock Performance

The company has a market capitalization of $64.15 million, a P/E ratio of 22.53 and a beta of 1.37. The business’s fifty day simple moving average is $57.09 and its 200-day simple moving average is $57.68.

Institutional Trading of ProShares Online Retail ETF

Large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. bought a new stake in shares of ProShares Online Retail ETF in the 2nd quarter worth about $55,000. Advisors Preferred LLC bought a new stake in shares of ProShares Online Retail ETF in the 3rd quarter worth about $71,000. Royal Bank of Canada increased its holdings in shares of ProShares Online Retail ETF by 41.7% in the 4th quarter. Royal Bank of Canada now owns 1,365 shares of the company’s stock worth $81,000 after buying an additional 402 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of ProShares Online Retail ETF by 246.3% in the 4th quarter. Farther Finance Advisors LLC now owns 2,878 shares of the company’s stock worth $171,000 after buying an additional 2,047 shares during the last quarter. Finally, GeoWealth Management LLC bought a new stake in shares of ProShares Online Retail ETF in the 3rd quarter worth about $441,000.

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.