ProShares On-Demand ETF (NYSEARCA:OND) Short Interest Update

ProShares On-Demand ETF (NYSEARCA:OND) was the target of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 106 shares, a decline of 54.5% from the August 31st total of 233 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 506 shares, the short-interest ratio is currently 0.2 days.

ProShares On-Demand ETF Stock Performance

ProShares On-Demand ETF stock traded up $0.05 during trading on Tuesday, hitting $32.72. The company’s stock had a trading volume of 13 shares, compared to its average volume of 840. The stock’s fifty day moving average is $34.46 and its 200 day moving average is $34.53. ProShares On-Demand ETF has a 1-year low of $32.32 and a 1-year high of $49.00. The stock has a market capitalization of $2.62 million, a price-to-earnings ratio of 36.24 and a beta of 1.21.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ProShares On-Demand ETF stock. IFP Advisors Inc bought a new position in shares of ProShares On-Demand ETF (NYSEARCA:OND) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,425 shares of the company’s stock, valued at approximately $100,000. IFP Advisors Inc owned approximately 1.62% of ProShares On-Demand ETF as of its most recent filing with the Securities and Exchange Commission.

About ProShares On-Demand ETF

The ProShares On-Demand ETF (OND) is an exchange-traded fund that is based on the FactSet On-Demand index, a market-cap-weighted index of global stocks that provides on-demand platforms and services to consumers. OND was launched on Oct 26, 2021 and is managed by ProShares.