Global X Adaptive U.S. Risk Management ETF (NYSEARCA:ONOF) Sees Large Increase in Short Interest

Global X Adaptive U.S. Risk Management ETF (NYSEARCA:ONOF) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 15,081 shares, a growth of 983.4% from the July 15th total of 1,392 shares. Based on an average trading volume of 12,748 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.4% of the shares of the company are short sold.

Hedge Funds Weigh In On Global X Adaptive U.S. Risk Management ETF

Institutional investors have recently bought and sold shares of the company. Bank of America Corp DE raised its position in Global X Adaptive U.S. Risk Management ETF by 5.5% during the 2nd quarter. Bank of America Corp DE now owns 5,743 shares of the company’s stock worth $197,000 after buying an additional 298 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of Global X Adaptive U.S. Risk Management ETF during the third quarter worth about $472,000. Maridea Wealth Management LLC purchased a new position in Global X Adaptive U.S. Risk Management ETF during the first quarter worth about $2,156,000. Align Financial LLC purchased a new position in Global X Adaptive U.S. Risk Management ETF during the fourth quarter worth about $6,102,000. Finally, Cetera Investment Advisers lifted its position in Global X Adaptive U.S. Risk Management ETF by 5.1% in the fourth quarter. Cetera Investment Advisers now owns 293,739 shares of the company’s stock valued at $11,053,000 after purchasing an additional 14,380 shares during the period.

Global X Adaptive U.S. Risk Management ETF Price Performance

Shares of ONOF stock traded down $0.11 during midday trading on Tuesday, hitting $41.13. The company had a trading volume of 5,224 shares, compared to its average volume of 11,802. The stock has a market cap of $141.90 million, a price-to-earnings ratio of 26.12 and a beta of 0.78. The company’s 50 day simple moving average is $39.93 and its 200 day simple moving average is $38.58. Global X Adaptive U.S. Risk Management ETF has a 52-week low of $35.16 and a 52-week high of $41.31.

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.