ProShares Online Retail ETF (NYSEARCA:ONLN) Trading Down 0.3% – What’s Next?

ProShares Online Retail ETF (NYSEARCA:ONLN)’s share price fell 0.3% during mid-day trading on Thursday . The company traded as low as $52.09 and last traded at $53.16. 1,106 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 11,156 shares. The stock had previously closed at $53.33.

ProShares Online Retail ETF Price Performance

The firm has a market cap of $60.07 million, a P/E ratio of 22.53 and a beta of 1.36. The firm’s 50-day moving average price is $55.01 and its 200 day moving average price is $58.37.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Royal Bank of Canada increased 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 acquiring an additional 402 shares during the last quarter. Bank of America Corp DE lifted its stake in ProShares Online Retail ETF by 0.8% during the second quarter. Bank of America Corp DE now owns 96,573 shares of the company’s stock worth $4,900,000 after purchasing an additional 794 shares during the last quarter. Farther Finance Advisors LLC bought a new position in ProShares Online Retail ETF during the third quarter worth $50,000. JPMorgan Chase & Co. acquired a new position in ProShares Online Retail ETF in the second quarter worth $55,000. Finally, Wells Fargo & Company MN increased its stake in ProShares Online Retail ETF by 11.2% during the fourth quarter. Wells Fargo & Company MN now owns 11,434 shares of the company’s stock valued at $677,000 after purchasing an additional 1,155 shares during the last quarter.

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.