ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) Sees Large Increase in Short Interest

ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 365 shares, an increase of 65.2% from the September 30th total of 221 shares. Based on an average daily trading volume, of 2,710 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On ProShares S&P Global Core Battery Metals ETF

Several institutional investors have recently made changes to their positions in the stock. Citadel Advisors LLC purchased a new position in shares of ProShares S&P Global Core Battery Metals ETF in the 2nd quarter valued at about $296,000. Moran Wealth Management LLC acquired a new stake in shares of ProShares S&P Global Core Battery Metals ETF in the first quarter valued at about $999,000. Finally, Moulton Wealth Management Inc. acquired a new stake in shares of ProShares S&P Global Core Battery Metals ETF in the second quarter valued at about $1,149,000.

ProShares S&P Global Core Battery Metals ETF Price Performance

Shares of ION stock opened at $37.67 on Tuesday. The business’s fifty day moving average price is $46.41 and its 200 day moving average price is $54.24. The firm has a market capitalization of $8.29 million, a PE ratio of 16.75 and a beta of 1.07. ProShares S&P Global Core Battery Metals ETF has a 1-year low of $37.51 and a 1-year high of $69.55.

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.