Short Interest in ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) Grows By 1,051.9%

ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) saw a large increase in short interest in January. As of January 15th, there was short interest totaling 33,452 shares, an increase of 1,051.9% from the December 31st total of 2,904 shares. Based on an average daily trading volume, of 17,838 shares, the days-to-cover ratio is currently 1.9 days. Currently, 15.2% of the shares of the stock are sold short. Currently, 15.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 17,838 shares, the days-to-cover ratio is currently 1.9 days.

ProShares S&P Global Core Battery Metals ETF Price Performance

Shares of NYSEARCA:ION traded down $0.92 during trading on Thursday, hitting $63.57. 16,696 shares of the company’s stock were exchanged, compared to its average volume of 18,267. The business’s 50-day simple moving average is $52.96 and its 200 day simple moving average is $42.72. ProShares S&P Global Core Battery Metals ETF has a 52-week low of $20.72 and a 52-week high of $66.00. The company has a market cap of $13.99 million, a price-to-earnings ratio of 16.75 and a beta of 1.01.

Hedge Funds Weigh In On ProShares S&P Global Core Battery Metals ETF

An institutional investor recently bought a new position in ProShares S&P Global Core Battery Metals ETF stock. Jane Street Group LLC purchased a new position in ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,341 shares of the company’s stock, valued at approximately $271,000. Jane Street Group LLC owned about 11.68% of ProShares S&P Global Core Battery Metals ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

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.