ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) Sees Large Drop in Short Interest

ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) saw a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 346 shares, a decline of 42.5% from the February 26th total of 602 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 9,650 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors 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 bought a new position in ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 9,341 shares of the company’s stock, valued at approximately $271,000. Jane Street Group LLC owned 11.68% of ProShares S&P Global Core Battery Metals ETF as of its most recent filing with the SEC.

ProShares S&P Global Core Battery Metals ETF Trading Up 3.1%

ION stock traded up $1.63 during midday trading on Friday, reaching $54.74. 1,590 shares of the company’s stock traded hands, compared to its average volume of 12,342. 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 stock has a market cap of $13.69 million, a P/E ratio of 16.75 and a beta of 1.01. The stock’s 50-day moving average is $58.75 and its 200 day moving average is $49.66.

ProShares S&P Global Core Battery Metals ETF Company Profile

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.