ProShares Online Retail ETF (NYSEARCA:ONLN) Short Interest Down 45.9% in May

ProShares Online Retail ETF (NYSEARCA:ONLN) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 2,326 shares, a decline of 45.9% from the May 14th total of 4,302 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 8,840 shares, the short-interest ratio is presently 0.3 days.

ProShares Online Retail ETF Stock Performance

Shares of NYSEARCA:ONLN traded down $0.17 during trading on Friday, hitting $54.35. The company’s stock had a trading volume of 5,263 shares, compared to its average volume of 9,973. The business has a 50 day moving average price of $57.30 and a two-hundred day moving average price of $57.58. The company has a market capitalization of $62.50 million, a PE ratio of 22.53 and a beta of 1.37. ProShares Online Retail ETF has a fifty-two week low of $48.73 and a fifty-two week high of $63.94.

Institutional Investors Weigh In On ProShares Online Retail ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. acquired a new position in ProShares Online Retail ETF in the second quarter valued at $55,000. Advisors Preferred LLC acquired a new position in shares of ProShares Online Retail ETF during the third quarter worth about $71,000. Royal Bank of Canada grew its position in ProShares Online Retail ETF by 41.7% during the fourth quarter. Royal Bank of Canada now owns 1,365 shares of the company’s stock worth $81,000 after buying an additional 402 shares during the period. Farther Finance Advisors LLC grew its position in ProShares Online Retail ETF by 246.3% during the fourth quarter. Farther Finance Advisors LLC now owns 2,878 shares of the company’s stock worth $171,000 after buying an additional 2,047 shares during the period. Finally, GeoWealth Management LLC acquired a new position in ProShares Online Retail ETF during the third quarter worth about $441,000.

About ProShares Online Retail ETF

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.