ProShares Online Retail ETF (NYSEARCA:ONLN) Trading 3.3% Higher – Should You Buy?

ProShares Online Retail ETF (NYSEARCA:ONLN)’s share price were up 3.3% during trading on Monday . The company traded as high as $45.43 and last traded at $45.42. Approximately 5,855 shares changed hands during trading, a decline of 61% from the average daily volume of 15,179 shares. The stock had previously closed at $43.99.

ProShares Online Retail ETF Trading Down 1.7 %

The firm has a market cap of $68.33 million, a P/E ratio of 21.13 and a beta of 1.39. The stock has a 50 day simple moving average of $47.35 and a 200-day simple moving average of $45.85.

ProShares Online Retail ETF Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th will be given a $0.0557 dividend. The ex-dividend date is Wednesday, March 26th. This is a boost from ProShares Online Retail ETF’s previous dividend of $0.05.

Hedge Funds Weigh In On ProShares Online Retail ETF

Institutional investors have recently bought and sold shares of the business. Advisors Preferred LLC purchased a new stake in shares of ProShares Online Retail ETF during the 4th quarter valued at about $119,000. Jane Street Group LLC bought a new stake in ProShares Online Retail ETF during the third quarter worth approximately $243,000. Envestnet Asset Management Inc. bought a new stake in ProShares Online Retail ETF during the fourth quarter worth approximately $447,000. Tower Research Capital LLC TRC raised its position in ProShares Online Retail ETF by 45.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,859 shares of the company’s stock valued at $485,000 after purchasing an additional 3,397 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of ProShares Online Retail ETF in the 4th quarter valued at approximately $562,000.

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.