Short Interest in ProShares Online Retail ETF (NYSEARCA:ONLN) Drops By 58.7%

ProShares Online Retail ETF (NYSEARCA:ONLN) was the recipient of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 4,022 shares, a drop of 58.7% from the January 29th total of 9,748 shares. Based on an average daily trading volume, of 14,069 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.3% of the shares of the company are short sold. Currently, 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 14,069 shares, the days-to-cover ratio is currently 0.3 days.

ProShares Online Retail ETF Price Performance

NYSEARCA ONLN traded down $0.08 on Friday, hitting $55.56. 1,925 shares of the company’s stock were exchanged, compared to its average volume of 13,572. ProShares Online Retail ETF has a fifty-two week low of $36.21 and a fifty-two week high of $63.94. The firm has a market cap of $67.78 million, a price-to-earnings ratio of 22.53 and a beta of 1.36. The firm’s 50-day moving average price is $58.93 and its two-hundred day moving average price is $59.12.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Royal Bank of Canada increased its stake in ProShares Online Retail ETF by 41.7% during the fourth quarter. Royal Bank of Canada now owns 1,365 shares of the company’s stock worth $81,000 after acquiring an additional 402 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of ProShares Online Retail ETF by 11.2% in the 4th quarter. Wells Fargo & Company MN now owns 11,434 shares of the company’s stock valued at $677,000 after purchasing an additional 1,155 shares in the last quarter. HRT Financial LP acquired a new position in ProShares Online Retail ETF during the 4th quarter worth $1,047,000. LPL Financial LLC grew its position in shares of ProShares Online Retail ETF by 35.4% in the 4th quarter. LPL Financial LLC now owns 36,023 shares of the company’s stock worth $2,134,000 after acquiring an additional 9,414 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in ProShares Online Retail ETF by 75.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 7,450 shares of the company’s stock valued at $441,000 after purchasing an additional 3,200 shares during the last quarter.

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.