Short Interest in ProShares Online Retail ETF (NYSEARCA:ONLN) Rises By 154.8%

ProShares Online Retail ETF (NYSEARCA:ONLN) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 7,492 shares, an increase of 154.8% from the June 30th total of 2,940 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average daily volume of 6,954 shares, the short-interest ratio is presently 1.1 days.

ProShares Online Retail ETF Price Performance

ONLN stock traded up $1.62 during trading on Monday, hitting $56.37. 4,925 shares of the stock traded hands, compared to its average volume of 9,357. The stock has a market cap of $63.13 million, a price-to-earnings ratio of 22.53 and a beta of 1.37. ProShares Online Retail ETF has a 1 year low of $50.87 and a 1 year high of $63.94. The firm’s 50 day moving average is $56.00 and its two-hundred day moving average is $56.72.

Institutional Investors Weigh In On ProShares Online Retail ETF

A number of institutional investors have recently made changes to their positions in ONLN. JPMorgan Chase & Co. bought a new stake in shares of ProShares Online Retail ETF during the second quarter valued at approximately $55,000. Royal Bank of Canada lifted its position in 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 in the last quarter. Farther Finance Advisors LLC lifted its position in ProShares Online Retail ETF by 246.3% in the 4th quarter. Farther Finance Advisors LLC now owns 2,878 shares of the company’s stock valued at $171,000 after acquiring an additional 2,047 shares in the last quarter. GeoWealth Management LLC purchased a new stake in ProShares Online Retail ETF during the 3rd quarter valued at $441,000. Finally, Goldman Sachs Group Inc. boosted its stake in ProShares Online Retail ETF by 75.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 7,450 shares of the company’s stock valued at $441,000 after purchasing an additional 3,200 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.