ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION – Get Free Report) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 285 shares, a decline of 44.6% from the August 31st total of 514 shares. Based on an average trading volume of 1,702 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.
ProShares S&P Global Core Battery Metals ETF Price Performance
ION traded down $0.40 during midday trading on Wednesday, hitting $45.54. 1,001 shares of the company’s stock traded hands, compared to its average volume of 6,435. The stock’s fifty day simple moving average is $50.15 and its 200-day simple moving average is $54.62. ProShares S&P Global Core Battery Metals ETF has a one year low of $38.63 and a one year high of $69.55. The company has a market cap of $11.38 million, a PE ratio of 16.75 and a beta of 1.02.
Hedge Funds Weigh In On ProShares S&P Global Core Battery Metals ETF
A number of institutional investors have recently made changes to their positions in ION. Citadel Advisors LLC bought a new stake in ProShares S&P Global Core Battery Metals ETF in the second quarter valued at approximately $296,000. Moran Wealth Management LLC bought a new stake in ProShares S&P Global Core Battery Metals ETF in the 1st quarter valued at approximately $999,000. Finally, Moulton Wealth Management Inc. bought a new stake in shares of ProShares S&P Global Core Battery Metals ETF in the second quarter worth $1,149,000.
ProShares S&P Global Core Battery Metals ETF Company Profile
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.
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