ProShares On-Demand ETF (NYSEARCA:OND – Get Free Report) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 363 shares, an increase of 266.7% from the June 30th total of 99 shares. Based on an average daily trading volume, of 366 shares, the short-interest ratio is currently 1.0 days. Currently, 0.4% of the shares of the company are short sold.
ProShares On-Demand ETF Stock Up 0.0%
OND traded up $0.01 during trading on Friday, hitting $32.99. The company’s stock had a trading volume of 110 shares, compared to its average volume of 1,009. The business’s 50 day simple moving average is $34.61 and its 200-day simple moving average is $35.80. The firm has a market cap of $3.30 million, a PE ratio of 36.24 and a beta of 1.21. ProShares On-Demand ETF has a one year low of $32.32 and a one year high of $49.00.
Hedge Funds Weigh In On ProShares On-Demand ETF
A number of institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC purchased a new position in ProShares On-Demand ETF during the fourth quarter valued at $369,000. IFP Advisors Inc purchased a new stake in ProShares On-Demand ETF in the fourth quarter worth about $100,000. Sowell Financial Services LLC raised its stake in shares of ProShares On-Demand ETF by 123.8% in the fourth quarter. Sowell Financial Services LLC now owns 44,898 shares of the company’s stock worth $1,847,000 after buying an additional 24,832 shares during the period. Susquehanna International Group LLP bought a new position in shares of ProShares On-Demand ETF in the third quarter worth about $944,000. Finally, Flow Traders U.S. LLC purchased a new position in shares of ProShares On-Demand ETF during the 3rd quarter valued at about $525,000.
ProShares On-Demand ETF Company Profile
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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