ProShares Online Retail ETF (NYSEARCA:ONLN) Stock Price Down 1.5% – Should You Sell?

ProShares Online Retail ETF (NYSEARCA:ONLN) traded down 1.5% during mid-day trading on Monday . The company traded as low as $58.47 and last traded at $58.47. 1,826 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 9,039 shares. The stock had previously closed at $59.36.

ProShares Online Retail ETF Stock Down 1.5%

The stock’s 50-day simple moving average is $56.91 and its 200 day simple moving average is $56.43. The firm has a market cap of $63.73 million, a P/E ratio of 22.53 and a beta of 1.37.

Institutional Investors Weigh In On ProShares Online Retail ETF

Large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its stake in 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 acquiring an additional 402 shares during the period. SG Americas Securities LLC raised its position in shares of ProShares Online Retail ETF by 6.3% during the first quarter. SG Americas Securities LLC now owns 11,045 shares of the company’s stock worth $588,000 after purchasing an additional 657 shares during the period. Bank of America Corp DE raised its position in shares of ProShares Online Retail ETF by 0.8% during the second quarter. Bank of America Corp DE now owns 96,573 shares of the company’s stock worth $4,900,000 after purchasing an additional 794 shares during the period. JPMorgan Chase & Co. bought a new position in shares of ProShares Online Retail ETF in the 2nd quarter worth $55,000. Finally, Wells Fargo & Company MN lifted its holdings in shares of ProShares Online Retail ETF by 11.2% in the 4th quarter. Wells Fargo & Company MN now owns 11,434 shares of the company’s stock worth $677,000 after purchasing an additional 1,155 shares in the last quarter.

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.