ProShares Online Retail ETF (NYSEARCA:ONLN) Trading 1.6% Higher – Here’s Why

Shares of ProShares Online Retail ETF (NYSEARCA:ONLN) rose 1.6% on Thursday . The stock traded as high as $62.75 and last traded at $62.61. Approximately 10,608 shares traded hands during trading, a decline of 19% from the average daily volume of 13,082 shares. The stock had previously closed at $61.65.

ProShares Online Retail ETF Stock Performance

The stock has a 50 day moving average price of $59.50 and a 200 day moving average price of $57.73. The company has a market cap of $78.89 million, a P/E ratio of 22.53 and a beta of 1.36.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ONLN. Farther Finance Advisors LLC acquired a new stake in ProShares Online Retail ETF during the third quarter worth about $50,000. JPMorgan Chase & Co. acquired a new stake in shares of ProShares Online Retail ETF during the 2nd quarter valued at about $55,000. Advisors Preferred LLC bought a new stake in ProShares Online Retail ETF in the third quarter valued at about $71,000. GeoWealth Management LLC acquired a new position in ProShares Online Retail ETF in the third quarter worth about $441,000. Finally, Tower Research Capital LLC TRC lifted its stake in ProShares Online Retail ETF by 2,881.9% during the second quarter. Tower Research Capital LLC TRC now owns 9,572 shares of the company’s stock worth $486,000 after purchasing an additional 9,251 shares during the period.

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.