ProShares Online Retail ETF (NYSEARCA:ONLN) Sees Large Increase in Short Interest

ProShares Online Retail ETF (NYSEARCA:ONLN) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 4,645 shares, an increase of 58.3% from the December 31st total of 2,934 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 10,875 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 10,875 shares, the short-interest ratio is currently 0.4 days. Currently, 0.4% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. UBS Group AG raised its stake in shares of ProShares Online Retail ETF by 2.4% during the 4th quarter. UBS Group AG now owns 145,201 shares of the company’s stock worth $8,602,000 after purchasing an additional 3,376 shares during the period. Bank of America Corp DE increased its holdings in ProShares Online Retail ETF by 0.8% during the second quarter. Bank of America Corp DE now owns 96,573 shares of the company’s stock worth $4,900,000 after buying an additional 794 shares during the last quarter. Envestnet Asset Management Inc. raised its position in ProShares Online Retail ETF by 16.2% in the second quarter. Envestnet Asset Management Inc. now owns 15,936 shares of the company’s stock worth $809,000 after acquiring an additional 2,221 shares during the period. Tower Research Capital LLC TRC raised its position in ProShares Online Retail ETF by 2,881.9% in the second quarter. Tower Research Capital LLC TRC now owns 9,572 shares of the company’s stock worth $486,000 after acquiring an additional 9,251 shares during the period. Finally, EWG Elevate Inc. purchased a new position in ProShares Online Retail ETF in the third quarter valued at about $486,000.

ProShares Online Retail ETF Price Performance

Shares of NYSEARCA ONLN traded up $1.01 during midday trading on Monday, reaching $60.56. The company’s stock had a trading volume of 7,796 shares, compared to its average volume of 14,239. ProShares Online Retail ETF has a 12-month low of $36.21 and a 12-month high of $63.94. The firm has a 50 day moving average price of $60.62 and a 200-day moving average price of $59.07. The stock has a market capitalization of $77.52 million, a P/E ratio of 22.53 and a beta of 1.36.

ProShares Online Retail ETF Company Profile

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.