ProShares Online Retail ETF (NYSEARCA:ONLN) Short Interest Down 58.7% in February

ProShares Online Retail ETF (NYSEARCA:ONLN) saw a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 4,022 shares, a decrease of 58.7% from the January 29th total of 9,748 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 14,069 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 14,069 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Trading of ProShares Online Retail ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its holdings in ProShares Online Retail ETF by 16.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 15,936 shares of the company’s stock valued at $809,000 after buying an additional 2,221 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in shares of ProShares Online Retail ETF during the second quarter valued at approximately $55,000. Bank of America Corp DE boosted its holdings in shares of 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 purchasing an additional 794 shares during the period. Tower Research Capital LLC TRC grew its stake in ProShares Online Retail ETF by 2,881.9% in the second quarter. Tower Research Capital LLC TRC now owns 9,572 shares of the company’s stock worth $486,000 after purchasing an additional 9,251 shares in the last quarter. Finally, EWG Elevate Inc. bought a new position in ProShares Online Retail ETF in the third quarter worth approximately $486,000.

ProShares Online Retail ETF Stock Up 0.1%

Shares of ONLN stock traded up $0.07 during trading hours on Friday, hitting $55.70. 7,270 shares of the company’s stock traded hands, compared to its average volume of 13,709. The stock has a market cap of $67.95 million, a price-to-earnings ratio of 22.53 and a beta of 1.36. The stock’s fifty day simple moving average is $58.85 and its two-hundred day simple moving average is $59.15. ProShares Online Retail ETF has a 12-month low of $36.21 and a 12-month high of $63.94.

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.