ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION – Get Free Report) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 285 shares, a decline of 44.6% from the August 31st total of 514 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 1,702 shares, the days-to-cover ratio is presently 0.2 days.
Institutional Investors Weigh In On ProShares S&P Global Core Battery Metals ETF
A number of large investors have recently bought and sold shares of ION. Moulton Wealth Management Inc. acquired a new position in ProShares S&P Global Core Battery Metals ETF during the second quarter worth $1,149,000. Moran Wealth Management LLC acquired a new stake in shares of ProShares S&P Global Core Battery Metals ETF in the first quarter worth about $999,000. Finally, Citadel Advisors LLC acquired a new stake in shares of ProShares S&P Global Core Battery Metals ETF in the second quarter worth about $296,000.
ProShares S&P Global Core Battery Metals ETF Stock Down 0.7%
ION stock traded down $0.34 during trading hours on Thursday, hitting $45.20. The company’s stock had a trading volume of 910 shares, compared to its average volume of 6,406. The stock has a 50 day moving average price of $50.15 and a two-hundred day moving average price of $54.62. ProShares S&P Global Core Battery Metals ETF has a 12 month low of $38.63 and a 12 month high of $69.55. The company has a market capitalization of $11.30 million, a PE ratio of 16.75 and a beta of 1.02.
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.
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