ProShares Online Retail ETF (NYSEARCA:ONLN) Short Interest Update

ProShares Online Retail ETF (NYSEARCA:ONLN) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 2,326 shares, a decline of 45.9% from the May 14th total of 4,302 shares. Based on an average daily trading volume, of 8,840 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the company’s shares are sold short.

Institutional Investors Weigh In On ProShares Online Retail ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its holdings in ProShares Online Retail ETF by 41.7% in the fourth quarter. Royal Bank of Canada now owns 1,365 shares of the company’s stock worth $81,000 after purchasing an additional 402 shares in the last quarter. SG Americas Securities LLC increased its holdings in ProShares Online Retail ETF by 6.3% in the first quarter. SG Americas Securities LLC now owns 11,045 shares of the company’s stock worth $588,000 after purchasing an additional 657 shares in the last quarter. Bank of America Corp DE increased its holdings in ProShares Online Retail ETF by 0.8% in the second quarter. Bank of America Corp DE now owns 96,573 shares of the company’s stock worth $4,900,000 after purchasing an additional 794 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in ProShares Online Retail ETF in the second quarter worth approximately $55,000. Finally, Wells Fargo & Company MN increased its holdings in ProShares Online Retail ETF by 11.2% in the fourth quarter. Wells Fargo & Company MN now owns 11,434 shares of the company’s stock worth $677,000 after purchasing an additional 1,155 shares in the last quarter.

ProShares Online Retail ETF Stock Up 0.1%

Shares of NYSEARCA ONLN traded up $0.04 during trading on Tuesday, reaching $55.51. The company had a trading volume of 3,524 shares, compared to its average volume of 9,874. The company’s fifty day moving average price is $57.35 and its 200-day moving average price is $57.55. ProShares Online Retail ETF has a 12 month low of $48.73 and a 12 month high of $63.94. The stock has a market cap of $63.84 million, a P/E ratio of 22.53 and a beta of 1.37.

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.