ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) Stock Price Down 5.4% – Time to Sell?

ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) were down 5.4% during trading on Friday . The stock traded as low as $58.01 and last traded at $60.40. Approximately 10,738 shares changed hands during mid-day trading, an increase of 4% from the average daily volume of 10,281 shares. The stock had previously closed at $63.86.

ProShares S&P Global Core Battery Metals ETF Stock Performance

The company has a 50-day simple moving average of $60.02 and a 200 day simple moving average of $55.39. The company has a market capitalization of $15.10 million, a P/E ratio of 16.75 and a beta of 2.24.

Institutional Trading of ProShares S&P Global Core Battery Metals ETF

An institutional investor recently bought a new position in ProShares S&P Global Core Battery Metals ETF stock. Jane Street Group LLC acquired a new stake in shares of ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 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 quarter.

ProShares S&P Global Core Battery Metals ETF Company Profile

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.