Short Interest in ProShares Online Retail ETF (NYSEARCA:ONLN) Expands By 109.9%

ProShares Online Retail ETF (NYSEARCA:ONLN) was the recipient of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 9,748 shares, an increase of 109.9% from the January 15th total of 4,645 shares. Based on an average trading volume of 18,417 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.8% of the shares of the stock are sold short. Currently, 0.8% of the shares of the stock are sold short. Based on an average trading volume of 18,417 shares, the days-to-cover ratio is currently 0.5 days.

ProShares Online Retail ETF Stock Performance

Shares of NYSEARCA ONLN opened at $52.73 on Friday. The company has a market cap of $64.33 million, a P/E ratio of 22.53 and a beta of 1.36. ProShares Online Retail ETF has a 52-week low of $36.21 and a 52-week high of $63.94. The firm’s fifty day moving average is $59.98 and its two-hundred day moving average is $59.15.

Hedge Funds Weigh In On ProShares Online Retail ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ONLN. HRT Financial LP bought a new stake in ProShares Online Retail ETF in the 4th quarter worth approximately $1,047,000. LPL Financial LLC increased its position in ProShares Online Retail ETF by 35.4% in the fourth quarter. LPL Financial LLC now owns 36,023 shares of the company’s stock worth $2,134,000 after purchasing an additional 9,414 shares during the last quarter. Tower Research Capital LLC TRC increased its position 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 during the last quarter. EWG Elevate Inc. purchased a new stake in ProShares Online Retail ETF during the third quarter valued at $486,000. Finally, GeoWealth Management LLC bought a new position in ProShares Online Retail ETF during the third quarter valued at $441,000.

ProShares Online Retail ETF Company Profile

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.