ProShares Online Retail ETF (NYSEARCA:ONLN) Stock Price Down 1.5% – What’s Next?

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

ProShares Online Retail ETF Stock Down 0.3%

The company has a market capitalization of $63.56 million, a PE ratio of 22.53 and a beta of 1.37. The stock has a 50-day moving average of $56.98 and a 200 day moving average of $56.41.

Institutional Investors Weigh In On ProShares Online Retail ETF

A number of hedge funds have recently made changes to their positions in ONLN. JPMorgan Chase & Co. purchased a new position in shares of ProShares Online Retail ETF in the 2nd quarter worth about $55,000. Royal Bank of Canada raised its position 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 worth $81,000 after acquiring an additional 402 shares during the period. Farther Finance Advisors LLC boosted its stake in ProShares Online Retail ETF by 246.3% in the fourth quarter. Farther Finance Advisors LLC now owns 2,878 shares of the company’s stock valued at $171,000 after acquiring an additional 2,047 shares during the last quarter. GeoWealth Management LLC purchased a new stake in shares of ProShares Online Retail ETF during the 3rd quarter worth approximately $441,000. Finally, Goldman Sachs Group Inc. raised its holdings in shares of ProShares Online Retail ETF by 75.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 7,450 shares of the company’s stock worth $441,000 after purchasing an additional 3,200 shares during the period.

ProShares Online Retail ETF Company Profile

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.