ProShares On-Demand ETF (NYSEARCA:OND – Get Free Report) was the target of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 101 shares, a decline of 38.4% from the May 14th total of 164 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 638 shares, the short-interest ratio is currently 0.2 days.
Institutional Investors Weigh In On ProShares On-Demand ETF
A number of institutional investors and hedge funds have recently made changes to their positions in OND. IFP Advisors Inc purchased a new stake in shares of ProShares On-Demand ETF in the 4th quarter valued at approximately $100,000. Jane Street Group LLC purchased a new stake in shares of ProShares On-Demand ETF in the 4th quarter valued at approximately $369,000. Flow Traders U.S. LLC purchased a new stake in shares of ProShares On-Demand ETF in the 3rd quarter valued at approximately $525,000. Susquehanna International Group LLP purchased a new stake in shares of ProShares On-Demand ETF in the 3rd quarter valued at approximately $944,000. Finally, Citadel Advisors LLC purchased a new stake in shares of ProShares On-Demand ETF in the 3rd quarter valued at approximately $1,136,000.
ProShares On-Demand ETF Stock Performance
Shares of ProShares On-Demand ETF stock traded down $0.11 on Tuesday, reaching $34.53. The company had a trading volume of 198 shares, compared to its average volume of 1,190. The firm’s 50 day moving average price is $34.94 and its two-hundred day moving average price is $37.21. The firm has a market cap of $3.45 million, a PE ratio of 36.24 and a beta of 1.22. ProShares On-Demand ETF has a 52-week low of $32.32 and a 52-week high of $49.00.
About ProShares On-Demand ETF
The ProShares On-Demand ETF (OND) is an exchange-traded fund that is based on the FactSet On-Demand index, a market-cap-weighted index of global stocks that provides on-demand platforms and services to consumers. OND was launched on Oct 26, 2021 and is managed by ProShares.
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