Short Interest in Global X Adaptive U.S. Risk Management ETF (NYSEARCA:ONOF) Grows By 98.6%

Global X Adaptive U.S. Risk Management ETF (NYSEARCA:ONOF) was the recipient of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 705 shares, an increase of 98.6% from the May 14th total of 355 shares. Based on an average daily trading volume, of 39,964 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Investors Weigh In On Global X Adaptive U.S. Risk Management ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Align Financial LLC purchased a new position in Global X Adaptive U.S. Risk Management ETF during the 4th quarter worth $6,102,000. Maridea Wealth Management LLC purchased a new position in Global X Adaptive U.S. Risk Management ETF during the 1st quarter worth $2,156,000. LPL Financial LLC increased its holdings in Global X Adaptive U.S. Risk Management ETF by 8.5% during the 4th quarter. LPL Financial LLC now owns 594,085 shares of the company’s stock worth $22,355,000 after purchasing an additional 46,687 shares during the period. Cetera Investment Advisers increased its holdings in Global X Adaptive U.S. Risk Management ETF by 5.1% during the 4th quarter. Cetera Investment Advisers now owns 293,739 shares of the company’s stock worth $11,053,000 after purchasing an additional 14,380 shares during the period. Finally, Citadel Advisors LLC purchased a new position in Global X Adaptive U.S. Risk Management ETF during the 3rd quarter worth $472,000.

Global X Adaptive U.S. Risk Management ETF Trading Up 1.7%

Shares of NYSEARCA ONOF traded up $0.67 during midday trading on Monday, hitting $40.34. The company’s stock had a trading volume of 3,640 shares, compared to its average volume of 13,292. The business’s 50 day moving average is $38.69 and its two-hundred day moving average is $37.99. Global X Adaptive U.S. Risk Management ETF has a 12-month low of $33.10 and a 12-month high of $40.71. The firm has a market cap of $155.71 million, a P/E ratio of 26.12 and a beta of 0.78.

About Global X Adaptive U.S. Risk Management ETF

The Global X Adaptive U.S. Risk Management ETF (ONOF) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund tracks an index that allocates 100% of the portfolio to US equities or short-term Treasurys based on four market indicators. ONOF was launched on Jan 12, 2021 and is managed by Global X.