ProShares Online Retail ETF (NYSEARCA:ONLN) Stock Price Up 0.8% – Time to Buy?

ProShares Online Retail ETF (NYSEARCA:ONLN)’s share price were up 0.8% on Thursday . The company traded as high as $56.12 and last traded at $55.78. Approximately 5,721 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 10,201 shares. The stock had previously closed at $55.35.

ProShares Online Retail ETF Stock Performance

The business’s fifty day moving average price is $57.09 and its two-hundred day moving average price is $57.68. The stock has a market capitalization of $64.15 million, a P/E ratio of 22.53 and a beta of 1.37.

Hedge Funds Weigh In On ProShares Online Retail ETF

Several hedge funds have recently added to or reduced their stakes in ONLN. JPMorgan Chase & Co. bought a new position in ProShares Online Retail ETF during the 2nd quarter valued at about $55,000. Bank of America Corp DE grew its holdings in ProShares Online Retail ETF by 0.8% during the 2nd quarter. Bank of America Corp DE now owns 96,573 shares of the company’s stock valued at $4,900,000 after purchasing an additional 794 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in ProShares Online Retail ETF by 2,881.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 9,572 shares of the company’s stock valued at $486,000 after purchasing an additional 9,251 shares during the last quarter. Advisors Preferred LLC bought a new position in ProShares Online Retail ETF during the 3rd quarter valued at about $71,000. Finally, UBS Group AG grew its holdings in ProShares Online Retail ETF by 3.1% during the 3rd quarter. UBS Group AG now owns 141,825 shares of the company’s stock valued at $8,617,000 after purchasing an additional 4,198 shares during the last quarter.

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.