Short Interest in Global X Adaptive U.S. Risk Management ETF (NYSEARCA:ONOF) Declines By 98.3%

Global X Adaptive U.S. Risk Management ETF (NYSEARCA:ONOF) was the recipient of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 407 shares, a decline of 98.3% from the April 15th total of 24,432 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 8,222 shares, the days-to-cover ratio is presently 0.0 days.

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

A number of hedge funds have recently added to or reduced their stakes in the company. Maridea Wealth Management LLC purchased a new position in Global X Adaptive U.S. Risk Management ETF in the 1st quarter worth approximately $2,156,000. Align Financial LLC purchased a new position in Global X Adaptive U.S. Risk Management ETF in the 4th quarter worth approximately $6,102,000. Cetera Investment Advisers raised its holdings in Global X Adaptive U.S. Risk Management ETF by 5.1% in the 4th quarter. Cetera Investment Advisers now owns 293,739 shares of the company’s stock worth $11,053,000 after acquiring an additional 14,380 shares during the last quarter. LPL Financial LLC raised its holdings in Global X Adaptive U.S. Risk Management ETF by 8.5% in the 4th quarter. LPL Financial LLC now owns 594,085 shares of the company’s stock worth $22,355,000 after acquiring an additional 46,687 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Global X Adaptive U.S. Risk Management ETF by 0.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,666,611 shares of the company’s stock worth $101,865,000 after acquiring an additional 10,137 shares during the last quarter.

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

ONOF opened at $39.43 on Wednesday. The stock has a 50-day moving average price of $37.23 and a 200-day moving average price of $37.60. The firm has a market cap of $152.20 million, a PE ratio of 26.12 and a beta of 0.78. Global X Adaptive U.S. Risk Management ETF has a 1 year low of $32.02 and a 1 year high of $39.93.

Global X Adaptive U.S. Risk Management ETF Company Profile

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.