Global X Adaptive U.S. Risk Management ETF (NYSEARCA:ONOF) Sees Large Growth in Short Interest

Global X Adaptive U.S. Risk Management ETF (NYSEARCA:ONOF) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 15,081 shares, an increase of 983.4% from the July 15th total of 1,392 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 12,748 shares, the short-interest ratio is currently 1.2 days.

Global X Adaptive U.S. Risk Management ETF Trading Down 0.1%

Shares of NYSEARCA ONOF traded down $0.06 during midday trading on Wednesday, reaching $41.18. The company’s stock had a trading volume of 228 shares, compared to its average volume of 11,802. The stock has a 50 day simple moving average of $39.93 and a 200-day simple moving average of $38.58. The stock has a market capitalization of $142.07 million, a price-to-earnings ratio of 26.12 and a beta of 0.78. Global X Adaptive U.S. Risk Management ETF has a fifty-two week low of $35.16 and a fifty-two week high of $41.31.

Institutional Investors Weigh In On Global X Adaptive U.S. Risk Management ETF

Hedge funds have recently bought and sold shares of the company. Bank of America Corp DE boosted its position in Global X Adaptive U.S. Risk Management ETF by 5.5% during the second quarter. Bank of America Corp DE now owns 5,743 shares of the company’s stock worth $197,000 after purchasing an additional 298 shares during the period. Citadel Advisors LLC bought a new stake in Global X Adaptive U.S. Risk Management ETF in the 3rd quarter valued at $472,000. Maridea Wealth Management LLC bought a new stake in Global X Adaptive U.S. Risk Management ETF in the 1st quarter valued at $2,156,000. Align Financial LLC acquired a new position in Global X Adaptive U.S. Risk Management ETF in the 4th quarter valued at $6,102,000. Finally, Cetera Investment Advisers grew its holdings in Global X Adaptive U.S. Risk Management ETF by 5.1% in the 4th quarter. Cetera Investment Advisers now owns 293,739 shares of the company’s stock valued at $11,053,000 after buying an additional 14,380 shares in the last quarter.

About Global X Adaptive U.S. Risk Management ETF

The Global X Adaptive U.S. Risk Management ETF (ONOF) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund tracks an index that allocates 100% of the portfolio to US equities or short-term Treasurys based on four market indicators. ONOF was launched on Jan 12, 2021 and is managed by Global X.