Global X Adaptive U.S. Risk Management ETF (NYSEARCA:ONOF) Short Interest Update

Global X Adaptive U.S. Risk Management ETF (NYSEARCA:ONOF) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 4,246 shares, a drop of 64.7% from the August 15th total of 12,021 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 6,818 shares, the short-interest ratio is presently 0.6 days.

Global X Adaptive U.S. Risk Management ETF Trading Down 0.5%

Shares of NYSEARCA:ONOF traded down $0.19 during trading on Monday, reaching $40.62. The company’s stock had a trading volume of 1,648 shares, compared to its average volume of 10,889. The firm’s 50 day simple moving average is $40.51 and its two-hundred day simple moving average is $39.09. Global X Adaptive U.S. Risk Management ETF has a 12 month low of $35.68 and a 12 month high of $41.62. The stock has a market capitalization of $140.14 million, a PE ratio of 26.12 and a beta of 0.78.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Citadel Advisors LLC purchased a new position in Global X Adaptive U.S. Risk Management ETF during the 2nd quarter worth $367,000. Cetera Investment Advisers boosted its holdings in Global X Adaptive U.S. Risk Management ETF by 1.2% in the first quarter. Cetera Investment Advisers now owns 297,246 shares of the company’s stock worth $10,774,000 after acquiring an additional 3,507 shares in the last quarter. Finally, Maridea Wealth Management LLC purchased a new stake in shares of Global X Adaptive U.S. Risk Management ETF during the first quarter worth about $2,156,000.

Global X Adaptive U.S. Risk Management ETF Company Profile

The Global X Adaptive U.S. Risk Management ETF (ONOF) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund tracks an index that allocates 100% of the portfolio to US equities or short-term Treasurys based on four market indicators. ONOF was launched on Jan 12, 2021 and is managed by Global X.