ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) Trading Down 1.4% – Here’s Why

ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION)’s stock price fell 1.4% during mid-day trading on Tuesday . The stock traded as low as $46.17 and last traded at $46.24. 1,578 shares changed hands during trading, a decline of 80% from the average session volume of 8,038 shares. The stock had previously closed at $46.88.

ProShares S&P Global Core Battery Metals ETF Stock Up 3.1%

The business has a 50 day moving average price of $52.96 and a 200 day moving average price of $57.63. The stock has a market cap of $11.88 million, a P/E ratio of 16.75 and a beta of 0.99.

Institutional Trading of ProShares S&P Global Core Battery Metals ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Moulton Wealth Management Inc. bought a new stake in shares of ProShares S&P Global Core Battery Metals ETF during the second quarter worth $1,149,000. Moran Wealth Management LLC purchased a new position in ProShares S&P Global Core Battery Metals ETF in the 1st quarter worth about $999,000. Finally, Jane Street Group LLC purchased a new position in ProShares S&P Global Core Battery Metals ETF in the 4th quarter worth about $645,000.

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.