ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION – Get Free Report) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totaling 9,600 shares, a growth of 39.1% from the September 30th total of 6,900 shares. Currently, 12.0% of the shares of the stock are short sold. Based on an average trading volume of 3,000 shares, the days-to-cover ratio is presently 3.2 days. Based on an average trading volume of 3,000 shares, the days-to-cover ratio is presently 3.2 days. Currently, 12.0% of the shares of the stock are short sold.
ProShares S&P Global Core Battery Metals ETF Price Performance
Shares of ION stock traded down $0.92 during trading hours on Monday, reaching $41.33. 4,270 shares of the company were exchanged, compared to its average volume of 2,287. The company has a market cap of $4.13 million, a price-to-earnings ratio of 16.75 and a beta of 1.01. The stock’s fifty day moving average is $38.23 and its two-hundred day moving average is $32.37. ProShares S&P Global Core Battery Metals ETF has a fifty-two week low of $20.72 and a fifty-two week high of $47.12.
Hedge Funds Weigh In On ProShares S&P Global Core Battery Metals ETF
A hedge fund recently bought a new stake in ProShares S&P Global Core Battery Metals ETF stock. Jane Street Group LLC purchased a new stake in shares of ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,341 shares of the company’s stock, valued at approximately $271,000. Jane Street Group LLC owned 11.68% of ProShares S&P Global Core Battery Metals ETF as of its most recent SEC filing.
About ProShares S&P Global Core Battery Metals ETF
The Proshares S&P Global Core Battery Metals ETF (ION) is an exchange-traded fund that is based on the S&P Global Core Battery Metals index. The fund tracks an index of companies from around the world that are engaged in the mining of base metals used to produce batteries. ION was launched on Nov 29, 2022 and is managed by ProShares.
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