Short Interest in Global X Adaptive U.S. Risk Management ETF (NYSEARCA:ONOF) Decreases By 42.7%

Global X Adaptive U.S. Risk Management ETF (NYSEARCA:ONOF) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 404 shares, a drop of 42.7% from the May 31st total of 705 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 10,785 shares, the short-interest ratio is presently 0.0 days.

Global X Adaptive U.S. Risk Management ETF Price Performance

ONOF stock opened at $39.78 on Friday. The stock has a market capitalization of $139.23 million, a P/E ratio of 26.12 and a beta of 0.78. Global X Adaptive U.S. Risk Management ETF has a 1-year low of $34.29 and a 1-year high of $40.71. The business has a fifty day moving average price of $39.50 and a 200-day moving average price of $38.17.

Hedge Funds Weigh In On Global X Adaptive U.S. Risk Management ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE boosted its holdings in shares of Global X Adaptive U.S. Risk Management ETF by 5.5% during the 2nd quarter. Bank of America Corp DE now owns 5,743 shares of the company’s stock valued at $197,000 after acquiring an additional 298 shares during the last quarter. Citadel Advisors LLC bought a new position in Global X Adaptive U.S. Risk Management ETF during the third quarter valued at approximately $472,000. Maridea Wealth Management LLC bought a new position in Global X Adaptive U.S. Risk Management ETF during the first quarter valued at approximately $2,156,000. Align Financial LLC purchased a new stake in Global X Adaptive U.S. Risk Management ETF in the fourth quarter worth approximately $6,102,000. Finally, Cetera Investment Advisers grew its position in Global X Adaptive U.S. Risk Management ETF by 5.1% in the 4th quarter. Cetera Investment Advisers now owns 293,739 shares of the company’s stock worth $11,053,000 after purchasing an additional 14,380 shares during the period.

Global X Adaptive U.S. Risk Management ETF Company Profile

The Global X Adaptive U.S. Risk Management ETF (ONOF) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund tracks an index that allocates 100% of the portfolio to US equities or short-term Treasurys based on four market indicators. ONOF was launched on Jan 12, 2021 and is managed by Global X.