Short Interest in ProShares Online Retail ETF (NYSEARCA:ONLN) Grows By 127.5%

ProShares Online Retail ETF (NYSEARCA:ONLN) was the target of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 9,149 shares, a growth of 127.5% from the February 12th total of 4,022 shares. Based on an average daily trading volume, of 11,461 shares, the short-interest ratio is presently 0.8 days. Approximately 0.7% of the company’s shares are short sold. Approximately 0.7% of the company’s shares are short sold. Based on an average daily trading volume, of 11,461 shares, the short-interest ratio is presently 0.8 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 the stock. HRT Financial LP bought a new position in ProShares Online Retail ETF during the fourth quarter worth about $1,047,000. LPL Financial LLC increased its stake in shares of ProShares Online Retail ETF by 35.4% in the 4th quarter. LPL Financial LLC now owns 36,023 shares of the company’s stock valued at $2,134,000 after acquiring an additional 9,414 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of ProShares Online Retail ETF by 2,881.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 9,572 shares of the company’s stock valued at $486,000 after acquiring an additional 9,251 shares during the last quarter. EWG Elevate Inc. acquired a new stake in shares of ProShares Online Retail ETF in the 3rd quarter valued at approximately $486,000. Finally, GeoWealth Management LLC acquired a new stake in shares of ProShares Online Retail ETF in the 3rd quarter valued at approximately $441,000.

ProShares Online Retail ETF Stock Performance

Shares of ONLN stock opened at $54.44 on Thursday. The firm’s 50 day moving average price is $58.10 and its two-hundred day moving average price is $59.00. ProShares Online Retail ETF has a 52-week low of $36.21 and a 52-week high of $63.94. The stock has a market cap of $66.42 million, a PE ratio of 22.53 and a beta of 1.36.

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.