ProShares Online Retail ETF (NYSEARCA:ONLN) Short Interest Up 109.9% in January

ProShares Online Retail ETF (NYSEARCA:ONLN) was the recipient of a large increase in short interest in January. As of January 30th, there was short interest totaling 9,748 shares, an increase of 109.9% from the January 15th total of 4,645 shares. Based on an average daily trading volume, of 18,417 shares, the short-interest ratio is currently 0.5 days. Approximately 0.8% of the company’s stock are sold short. Approximately 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 18,417 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of ProShares Online Retail ETF

Large investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC purchased a new position in ProShares Online Retail ETF in the third quarter worth about $50,000. JPMorgan Chase & Co. bought a new stake in shares of ProShares Online Retail ETF during the second quarter valued at approximately $55,000. Advisors Preferred LLC bought a new stake in shares of ProShares Online Retail ETF in the third quarter worth about $71,000. GeoWealth Management LLC purchased a new stake in shares of ProShares Online Retail ETF during the 3rd quarter worth approximately $441,000. Finally, Goldman Sachs Group Inc. lifted its position in ProShares Online Retail ETF by 75.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 7,450 shares of the company’s stock valued at $441,000 after purchasing an additional 3,200 shares during the last quarter.

ProShares Online Retail ETF Trading Up 0.2%

ONLN traded up $0.08 during midday trading on Friday, reaching $52.73. The company’s stock had a trading volume of 6,993 shares, compared to its average volume of 14,400. The stock’s 50-day moving average is $59.98 and its 200-day moving average is $59.15. The firm has a market capitalization of $64.33 million, a price-to-earnings ratio of 22.53 and a beta of 1.36. ProShares Online Retail ETF has a 1 year low of $36.21 and a 1 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.