ProShares Online Retail ETF (NYSEARCA:ONLN) Trading Up 2.9% – Time to Buy?

ProShares Online Retail ETF (NYSEARCA:ONLN) shares were up 2.9% during mid-day trading on Friday . The company traded as high as $59.78 and last traded at $59.78. Approximately 6,675 shares changed hands during mid-day trading, a decline of 41% from the average daily volume of 11,386 shares. The stock had previously closed at $58.07.

ProShares Online Retail ETF Trading Up 2.9%

The firm has a market capitalization of $76.52 million, a price-to-earnings ratio of 22.53 and a beta of 1.36. The stock has a fifty day moving average price of $59.92 and a 200-day moving average price of $53.98.

Institutional Investors Weigh In On ProShares Online Retail ETF

A number of hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC bought a new position in ProShares Online Retail ETF during the 3rd quarter valued at about $50,000. JPMorgan Chase & Co. bought a new position in shares of ProShares Online Retail ETF in the second quarter valued at approximately $55,000. Tower Research Capital LLC TRC raised its stake in shares of ProShares Online Retail ETF by 2,881.9% in the second quarter. Tower Research Capital LLC TRC now owns 9,572 shares of the company’s stock valued at $486,000 after acquiring an additional 9,251 shares during the last quarter. EWG Elevate Inc. acquired a new position in shares of ProShares Online Retail ETF in the 3rd quarter worth approximately $486,000. Finally, Envestnet Asset Management Inc. grew its position in ProShares Online Retail ETF by 37.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 13,715 shares of the company’s stock worth $595,000 after acquiring an additional 3,707 shares during 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.