ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) Short Interest Update

ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 4,964 shares, a decline of 80.5% from the April 30th total of 25,468 shares. Based on an average daily trading volume, of 7,769 shares, the short-interest ratio is currently 0.6 days. Approximately 2.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ProShares S&P Global Core Battery Metals ETF stock. Jane Street Group LLC acquired a new stake in ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 9,341 shares of the company’s stock, valued at approximately $271,000. Jane Street Group LLC owned 11.68% of ProShares S&P Global Core Battery Metals ETF at the end of the most recent reporting period.

ProShares S&P Global Core Battery Metals ETF Stock Down 0.6%

Shares of NYSEARCA ION traded down $0.39 during trading on Friday, reaching $60.28. The company had a trading volume of 2,446 shares, compared to its average volume of 10,042. The company’s fifty day moving average price is $60.66 and its 200-day moving average price is $56.68. ProShares S&P Global Core Battery Metals ETF has a 12 month low of $26.72 and a 12 month high of $69.55. The stock has a market cap of $15.07 million, a P/E ratio of 16.75 and a beta of 0.97.

About ProShares S&P Global Core Battery Metals ETF

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.