ProShares Online Retail ETF (NYSEARCA:ONLN) Short Interest Down 47.0% in August

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

Institutional Investors Weigh In On ProShares Online Retail ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ONLN. UBS Group AG lifted its holdings in shares of ProShares Online Retail ETF by 2.4% in the 4th quarter. UBS Group AG now owns 145,201 shares of the company’s stock valued at $8,602,000 after acquiring an additional 3,376 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of ProShares Online Retail ETF by 32.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 12,075 shares of the company’s stock valued at $715,000 after purchasing an additional 2,938 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of ProShares Online Retail ETF by 6.3% in the 1st quarter. SG Americas Securities LLC now owns 11,045 shares of the company’s stock worth $588,000 after purchasing an additional 657 shares during the period.

ProShares Online Retail ETF Stock Up 1.0%

NYSEARCA:ONLN traded up $0.53 during mid-day trading on Thursday, hitting $55.65. 1,520 shares of the company traded hands, compared to its average volume of 8,359. The stock’s fifty day moving average price is $58.14 and its 200-day moving average price is $56.71. The firm has a market cap of $111.23 million, a price-to-earnings ratio of 22.53 and a beta of 1.37. ProShares Online Retail ETF has a one year low of $50.87 and a one year high of $63.94.

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.