ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) Short Interest Down 35.8% in May

ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) was the recipient of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 3,187 shares, a decrease of 35.8% from the May 14th total of 4,964 shares. Approximately 1.3% of the company’s stock are short sold. Based on an average daily trading volume, of 7,615 shares, the days-to-cover ratio is presently 0.4 days.

ProShares S&P Global Core Battery Metals ETF Price Performance

NYSEARCA:ION opened at $57.64 on Thursday. The firm’s 50-day moving average price is $61.32 and its 200-day moving average price is $57.84. The company has a market capitalization of $14.41 million, a PE ratio of 16.75 and a beta of 0.92. ProShares S&P Global Core Battery Metals ETF has a 1-year low of $27.11 and a 1-year high of $69.55.

Institutional Trading of ProShares S&P Global Core Battery Metals ETF

An institutional investor recently bought a new position in ProShares S&P Global Core Battery Metals ETF stock. Jane Street Group LLC purchased a new position in ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,341 shares of the company’s stock, valued at approximately $271,000. Jane Street Group LLC owned about 11.68% of ProShares S&P Global Core Battery Metals ETF as of its most recent SEC filing.

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.