ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) Short Interest Update

ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 285 shares, a decline of 44.6% from the August 31st total of 514 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 1,702 shares, the days-to-cover ratio is presently 0.2 days.

ProShares S&P Global Core Battery Metals ETF Stock Performance

Shares of NYSEARCA ION traded down $0.40 during trading hours on Wednesday, reaching $45.54. 1,001 shares of the stock were exchanged, compared to its average volume of 6,435. ProShares S&P Global Core Battery Metals ETF has a 52 week low of $38.63 and a 52 week high of $69.55. The firm has a market capitalization of $11.38 million, a price-to-earnings ratio of 16.75 and a beta of 1.02. The stock’s fifty day simple moving average is $50.15 and its 200 day simple moving average is $54.62.

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

A number of hedge funds have recently added to or reduced their stakes in the stock. Citadel Advisors LLC acquired a new position in shares of ProShares S&P Global Core Battery Metals ETF in the second quarter valued at approximately $296,000. Moran Wealth Management LLC acquired a new stake in ProShares S&P Global Core Battery Metals ETF during the 1st quarter worth about $999,000. Finally, Moulton Wealth Management Inc. bought a new stake in ProShares S&P Global Core Battery Metals ETF in the second quarter worth approximately $1,149,000.

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.