ProShares Online Retail ETF (NYSEARCA:ONLN) Sees Significant Decrease in Short Interest

ProShares Online Retail ETF (NYSEARCA:ONLN) saw a significant decrease in short interest in August. As of August 31st, there was short interest totaling 2,774 shares, a decrease of 47.0% from the August 15th total of 5,235 shares. Based on an average daily volume of 4,396 shares, the short-interest ratio is presently 0.6 days. Approximately 0.3% of the shares of the stock are sold short.

ProShares Online Retail ETF Trading Down 2.2%

Shares of ONLN stock traded down $1.24 during trading hours on Tuesday, hitting $55.46. The company’s stock had a trading volume of 2,650 shares, compared to its average volume of 8,424. The business has a fifty day moving average of $58.18 and a 200-day moving average of $56.70. The stock has a market cap of $60.45 million, a price-to-earnings ratio of 22.53 and a beta of 1.37. ProShares Online Retail ETF has a twelve month low of $50.87 and a twelve month high of $63.94.

Institutional Investors Weigh In On ProShares Online Retail ETF

Large investors have recently bought and sold shares of the stock. UBS Group AG raised its holdings in shares of ProShares Online Retail ETF by 2.4% in the fourth quarter. UBS Group AG now owns 145,201 shares of the company’s stock worth $8,602,000 after acquiring an additional 3,376 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of ProShares Online Retail ETF by 32.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 12,075 shares of the company’s stock valued at $715,000 after acquiring an additional 2,938 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of ProShares Online Retail ETF by 6.3% during the first quarter. SG Americas Securities LLC now owns 11,045 shares of the company’s stock valued at $588,000 after acquiring an additional 657 shares during the last quarter.

About ProShares Online Retail ETF

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.