ProShares Online Retail ETF (NYSEARCA:ONLN) Short Interest Down 61.0% in April

ProShares Online Retail ETF (NYSEARCA:ONLN) saw a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 5,340 shares, a drop of 61.0% from the April 15th total of 13,688 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average daily volume of 9,797 shares, the days-to-cover ratio is currently 0.5 days.

ProShares Online Retail ETF Trading Down 1.7%

Shares of ONLN traded down $0.97 during mid-day trading on Friday, reaching $56.15. The company had a trading volume of 3,419 shares, compared to its average volume of 10,420. The stock has a market cap of $64.57 million, a price-to-earnings ratio of 22.53 and a beta of 1.40. The firm has a fifty day simple moving average of $56.21 and a 200-day simple moving average of $57.99. ProShares Online Retail ETF has a fifty-two week low of $46.91 and a fifty-two week high of $63.94.

Hedge Funds Weigh In On ProShares Online Retail ETF

Hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. acquired a new position in shares of ProShares Online Retail ETF in the 2nd quarter valued at $55,000. Advisors Preferred LLC acquired a new position in shares of ProShares Online Retail ETF in the 3rd quarter valued at $71,000. Royal Bank of Canada boosted its holdings in shares of ProShares Online Retail ETF by 41.7% in the 4th quarter. Royal Bank of Canada now owns 1,365 shares of the company’s stock valued at $81,000 after purchasing an additional 402 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of ProShares Online Retail ETF by 246.3% in the 4th quarter. Farther Finance Advisors LLC now owns 2,878 shares of the company’s stock valued at $171,000 after purchasing an additional 2,047 shares during the last quarter. Finally, GeoWealth Management LLC acquired a new position in shares of ProShares Online Retail ETF in the 3rd quarter valued at $441,000.

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.