Short Interest in ProShares Online Retail ETF (NYSEARCA:ONLN) Declines By 61.0%

ProShares Online Retail ETF (NYSEARCA:ONLN) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 5,340 shares, a drop of 61.0% from the April 15th total of 13,688 shares. Based on an average daily trading volume, of 9,797 shares, the short-interest ratio is currently 0.5 days. Approximately 0.5% of the shares of the company are short sold.

ProShares Online Retail ETF Stock Down 0.7%

Shares of ONLN stock traded down $0.43 during mid-day trading on Thursday, reaching $57.16. The stock had a trading volume of 3,234 shares, compared to its average volume of 10,481. The firm has a market cap of $65.73 million, a PE ratio of 22.53 and a beta of 1.40. ProShares Online Retail ETF has a one year low of $46.91 and a one year high of $63.94. The firm’s 50 day simple moving average is $56.14 and its 200 day simple moving average is $58.03.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. acquired a new stake in shares of ProShares Online Retail ETF in the 2nd quarter valued at $55,000. Bank of America Corp DE boosted its position in ProShares Online Retail ETF by 0.8% in the second quarter. Bank of America Corp DE now owns 96,573 shares of the company’s stock valued at $4,900,000 after buying an additional 794 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in ProShares Online Retail ETF by 2,881.9% during the second quarter. Tower Research Capital LLC TRC now owns 9,572 shares of the company’s stock worth $486,000 after buying an additional 9,251 shares during the last quarter. Advisors Preferred LLC bought a new stake in ProShares Online Retail ETF during the third quarter worth about $71,000. Finally, UBS Group AG increased its holdings in shares of ProShares Online Retail ETF by 3.1% during the third quarter. UBS Group AG now owns 141,825 shares of the company’s stock worth $8,617,000 after buying an additional 4,198 shares in the last quarter.

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.