ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) Short Interest Up 39.1% in October

ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 9,600 shares, a growth of 39.1% from the September 30th total of 6,900 shares. Based on an average daily trading volume, of 3,000 shares, the days-to-cover ratio is currently 3.2 days. Currently, 12.0% of the shares of the company are sold short. Currently, 12.0% of the shares of the company are sold short. Based on an average daily trading volume, of 3,000 shares, the days-to-cover ratio is currently 3.2 days.

ProShares S&P Global Core Battery Metals ETF Trading Down 3.5%

Shares of ProShares S&P Global Core Battery Metals ETF stock opened at $39.89 on Wednesday. The firm has a fifty day simple moving average of $38.47 and a 200-day simple moving average of $32.60. ProShares S&P Global Core Battery Metals ETF has a 1-year low of $20.72 and a 1-year high of $47.12. The stock has a market capitalization of $3.99 million, a price-to-earnings ratio of 16.75 and a beta of 1.01.

Institutional Trading of ProShares S&P Global Core Battery Metals ETF

A hedge fund recently bought a new stake in ProShares S&P Global Core Battery Metals ETF stock. Jane Street Group LLC purchased a new position in ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 9,341 shares of the company’s stock, valued at approximately $271,000. Jane Street Group LLC owned 11.68% of ProShares S&P Global Core Battery Metals ETF as of its most recent SEC filing.

About ProShares S&P Global Core Battery Metals ETF

The Proshares S&P Global Core Battery Metals ETF (ION) is an exchange-traded fund that is based on the S&P Global Core Battery Metals index. The fund tracks an index of companies from around the world that are engaged in the mining of base metals used to produce batteries. ION was launched on Nov 29, 2022 and is managed by ProShares.