ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) Short Interest Update

ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 3,187 shares, a decline of 35.8% from the May 14th total of 4,964 shares. Approximately 1.3% of the company’s shares are sold short. Based on an average daily volume of 7,615 shares, the days-to-cover ratio is presently 0.4 days.

ProShares S&P Global Core Battery Metals ETF Stock Up 0.3%

NYSEARCA ION traded up $0.18 on Wednesday, reaching $58.72. The stock had a trading volume of 961 shares, compared to its average volume of 9,261. The firm has a market capitalization of $14.68 million, a price-to-earnings ratio of 16.75 and a beta of 0.92. ProShares S&P Global Core Battery Metals ETF has a 12-month low of $27.11 and a 12-month high of $69.55. The stock has a fifty day moving average price of $61.31 and a two-hundred day moving average price of $57.76.

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

An institutional investor recently bought a new position in ProShares S&P Global Core Battery Metals ETF stock. Jane Street Group LLC bought a new stake in ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 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.