Short Interest in ProShares Online Retail ETF (NYSEARCA:ONLN) Drops By 47.0%

ProShares Online Retail ETF (NYSEARCA:ONLN) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 2,774 shares, a decline of 47.0% from the August 15th total of 5,235 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,396 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds Weigh In On ProShares Online Retail ETF

A number of large investors have recently added to or reduced their stakes in ONLN. SG Americas Securities LLC lifted its holdings in ProShares Online Retail ETF by 6.3% in the 1st quarter. SG Americas Securities LLC now owns 11,045 shares of the company’s stock valued at $588,000 after purchasing an additional 657 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in ProShares Online Retail ETF by 32.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 12,075 shares of the company’s stock worth $715,000 after purchasing an additional 2,938 shares during the last quarter. Finally, UBS Group AG grew its holdings in shares of ProShares Online Retail ETF by 2.4% during the fourth quarter. UBS Group AG now owns 145,201 shares of the company’s stock worth $8,602,000 after buying an additional 3,376 shares in the last quarter.

ProShares Online Retail ETF Stock Down 0.6%

Shares of ONLN stock traded down $0.34 during trading hours on Wednesday, hitting $55.12. 4,091 shares of the company’s stock were exchanged, compared to its average volume of 8,399. ProShares Online Retail ETF has a fifty-two week low of $50.87 and a fifty-two week high of $63.94. The firm has a market cap of $110.18 million, a P/E ratio of 22.53 and a beta of 1.37. The firm has a 50 day moving average of $58.14 and a two-hundred day moving average of $56.71.

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.