Short Interest in ProShares On-Demand ETF (NYSEARCA:OND) Decreases By 49.5%

ProShares On-Demand ETF (NYSEARCA:OND) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 164 shares, a decline of 49.5% from the April 30th total of 325 shares. Based on an average trading volume of 522 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are short sold.

Institutional Investors Weigh In On ProShares On-Demand ETF

Several hedge funds have recently bought and sold shares of OND. Citadel Advisors LLC bought a new stake in ProShares On-Demand ETF during the third quarter worth about $1,136,000. Flow Traders U.S. LLC bought a new stake in ProShares On-Demand ETF during the third quarter worth about $525,000. Susquehanna International Group LLP bought a new stake in ProShares On-Demand ETF during the third quarter worth about $944,000. Sowell Financial Services LLC boosted its stake in ProShares On-Demand ETF by 123.8% during the fourth quarter. Sowell Financial Services LLC now owns 44,898 shares of the company’s stock worth $1,847,000 after acquiring an additional 24,832 shares in the last quarter. Finally, IFP Advisors Inc bought a new stake in ProShares On-Demand ETF during the fourth quarter worth about $100,000.

ProShares On-Demand ETF Price Performance

NYSEARCA:OND traded up $0.92 during mid-day trading on Monday, hitting $36.10. 2,528 shares of the company’s stock were exchanged, compared to its average volume of 1,293. ProShares On-Demand ETF has a one year low of $32.32 and a one year high of $49.00. The business has a fifty day moving average price of $34.59 and a 200 day moving average price of $37.86. The company has a market cap of $3.61 million, a PE ratio of 36.24 and a beta of 1.23.

ProShares On-Demand ETF Company Profile

The ProShares On-Demand ETF (OND) is an exchange-traded fund that is based on the FactSet On-Demand index, a market-cap-weighted index of global stocks that provides on-demand platforms and services to consumers. OND was launched on Oct 26, 2021 and is managed by ProShares.