ProShares On-Demand ETF (NYSEARCA:OND) Short Interest Update

ProShares On-Demand ETF (NYSEARCA:OND) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 363 shares, an increase of 266.7% from the June 30th total of 99 shares. Based on an average daily trading volume, of 366 shares, the short-interest ratio is currently 1.0 days. Approximately 0.4% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. IFP Advisors Inc bought a new stake in ProShares On-Demand ETF in the fourth quarter worth $100,000. Jane Street Group LLC purchased a new position in shares of ProShares On-Demand ETF in the 4th quarter worth approximately $369,000. Flow Traders U.S. LLC bought a new position in shares of ProShares On-Demand ETF during the 3rd quarter valued at approximately $525,000. Susquehanna International Group LLP bought a new position in shares of ProShares On-Demand ETF during the 3rd quarter valued at approximately $944,000. Finally, Citadel Advisors LLC purchased a new stake in ProShares On-Demand ETF during the 3rd quarter valued at $1,136,000.

ProShares On-Demand ETF Stock Up 2.6%

NYSEARCA OND traded up $0.85 during trading on Monday, hitting $33.84. 12 shares of the stock traded hands, compared to its average volume of 1,002. ProShares On-Demand ETF has a 12-month low of $32.32 and a 12-month high of $49.00. The firm has a 50-day simple moving average of $34.58 and a 200-day simple moving average of $35.70. The company has a market capitalization of $3.38 million, a P/E ratio of 36.24 and a beta of 1.21.

About ProShares On-Demand ETF

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.