Shares of ProShares Online Retail ETF (NYSEARCA:ONLN – Get Free Report) fell 1.2% during trading on Tuesday . The company traded as low as $56.45 and last traded at $56.87. 3,806 shares changed hands during mid-day trading, a decline of 56% from the average session volume of 8,567 shares. The stock had previously closed at $57.56.
ProShares Online Retail ETF Trading Down 1.2%
The company has a market capitalization of $61.99 million, a price-to-earnings ratio of 22.53 and a beta of 1.37. The firm’s 50 day moving average price is $58.17 and its two-hundred day moving average price is $56.65.
Institutional Trading of ProShares Online Retail ETF
Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. bought a new position in ProShares Online Retail ETF during the second quarter worth $55,000. Royal Bank of Canada raised its position in shares of ProShares Online Retail ETF by 41.7% in the fourth quarter. Royal Bank of Canada now owns 1,365 shares of the company’s stock valued at $81,000 after purchasing an additional 402 shares during the period. GeoWealth Management LLC acquired a new stake in shares of ProShares Online Retail ETF during the 3rd quarter worth about $441,000. Goldman Sachs Group Inc. lifted its stake in shares of ProShares Online Retail ETF by 75.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 7,450 shares of the company’s stock worth $441,000 after buying an additional 3,200 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of ProShares Online Retail ETF by 2,881.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 9,572 shares of the company’s stock worth $486,000 after buying an additional 9,251 shares during the period.
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.
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