Short Interest in ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) Grows By 224.0%

ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totaling 1,121 shares, an increase of 224.0% from the March 15th total of 346 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily volume of 5,823 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

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) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,477 shares of the company’s stock, valued at approximately $645,000. Jane Street Group LLC owned about 4.99% of ProShares S&P Global Core Battery Metals ETF as of its most recent filing with the Securities and Exchange Commission.

ProShares S&P Global Core Battery Metals ETF Price Performance

Shares of ION traded up $0.75 during mid-day trading on Friday, hitting $60.27. The company’s stock had a trading volume of 1,415 shares, compared to its average volume of 11,188. The firm has a 50-day moving average price of $57.76 and a 200 day moving average price of $51.27. ProShares S&P Global Core Battery Metals ETF has a fifty-two week low of $23.31 and a fifty-two week high of $66.00. The stock has a market capitalization of $15.07 million, a price-to-earnings ratio of 16.75 and a beta of 0.96.

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.