Sowell Financial Services LLC Makes New Investment in ProShares On-Demand ETF $OND

Sowell Financial Services LLC bought a new stake in ProShares On-Demand ETF (NYSEARCA:OND) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 20,066 shares of the company’s stock, valued at approximately $967,000. Sowell Financial Services LLC owned approximately 0.13% of ProShares On-Demand ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

ProShares On-Demand ETF Stock Down 0.0%

Shares of NYSEARCA OND opened at $41.33 on Wednesday. ProShares On-Demand ETF has a 12-month low of $29.76 and a 12-month high of $49.00. The firm’s 50-day simple moving average is $42.99 and its 200 day simple moving average is $44.05. The company has a market cap of $6.20 million, a price-to-earnings ratio of 36.24 and a beta of 1.29.

About ProShares On-Demand ETF

The ProShares On-Demand ETF (OND) is an exchange-traded fund that is based on the FactSet On-Demand index, a market-cap-weighted index of global stocks that provides on-demand platforms and services to consumers. OND was launched on Oct 26, 2021 and is managed by ProShares.