ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) Sees Significant Increase in Short Interest

ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 34,299 shares, a growth of 2,959.7% from the March 31st total of 1,121 shares. Approximately 13.7% of the shares of the company are short sold. Based on an average daily trading volume, of 8,700 shares, the days-to-cover ratio is currently 3.9 days.

Institutional Investors Weigh In On ProShares S&P Global Core Battery Metals ETF

A hedge fund recently bought a new stake in ProShares S&P Global Core Battery Metals ETF stock. Jane Street Group LLC purchased a new stake in ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 9,341 shares of the company’s stock, valued at approximately $271,000. Jane Street Group LLC owned 11.68% of ProShares S&P Global Core Battery Metals ETF at the end of the most recent reporting period.

ProShares S&P Global Core Battery Metals ETF Stock Up 1.8%

ProShares S&P Global Core Battery Metals ETF stock traded up $1.12 on Friday, hitting $63.67. The company’s stock had a trading volume of 2,210 shares, compared to its average volume of 10,996. The firm has a market cap of $15.92 million, a P/E ratio of 16.75 and a beta of 0.96. The company has a fifty day moving average price of $58.78 and a 200-day moving average price of $52.87. ProShares S&P Global Core Battery Metals ETF has a one year low of $25.10 and a one year high of $66.17.

About ProShares S&P Global Core Battery Metals ETF

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.