ProShares Online Retail ETF (NYSEARCA:ONLN) Stock Price Up 1.3% – Should You Buy?

ProShares Online Retail ETF (NYSEARCA:ONLN) traded up 1.3% during mid-day trading on Thursday . The stock traded as high as $60.12 and last traded at $59.29. 6,982 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 11,531 shares. The stock had previously closed at $58.53.

ProShares Online Retail ETF Stock Performance

The stock’s 50 day simple moving average is $59.31 and its 200 day simple moving average is $56.73. The firm has a market cap of $76.39 million, a P/E ratio of 22.53 and a beta of 1.36.

Hedge Funds Weigh In On ProShares Online Retail ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC lifted its holdings 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 purchasing an additional 9,251 shares in the last quarter. EWG Elevate Inc. purchased a new stake in ProShares Online Retail ETF in the 3rd quarter valued at $486,000. GeoWealth Management LLC bought a new position in ProShares Online Retail ETF during the 3rd quarter valued at $441,000. UBS Group AG boosted its holdings in ProShares Online Retail ETF by 3.1% during the 3rd quarter. UBS Group AG now owns 141,825 shares of the company’s stock worth $8,617,000 after acquiring an additional 4,198 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of ProShares Online Retail ETF by 16.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 15,936 shares of the company’s stock worth $809,000 after acquiring an additional 2,221 shares in 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.