Short Interest in ProShares Online Retail ETF (NYSEARCA:ONLN) Grows By 127.5%

ProShares Online Retail ETF (NYSEARCA:ONLN) saw a large increase in short interest in February. As of February 27th, there was short interest totaling 9,149 shares, an increase of 127.5% from the February 12th total of 4,022 shares. Based on an average daily volume of 11,461 shares, the short-interest ratio is currently 0.8 days. Currently, 0.7% of the shares of the stock are sold short. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily volume of 11,461 shares, the short-interest ratio is currently 0.8 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. lifted its position in shares of 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 acquiring an additional 2,221 shares during the last quarter. UBS Group AG grew its holdings in shares of ProShares Online Retail ETF by 3.1% in the 3rd quarter. UBS Group AG now owns 141,825 shares of the company’s stock worth $8,617,000 after acquiring an additional 4,198 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of ProShares Online Retail ETF by 0.8% in the 2nd quarter. Bank of America Corp DE now owns 96,573 shares of the company’s stock worth $4,900,000 after acquiring an additional 794 shares during the last quarter. LPL Financial LLC raised its position in shares of ProShares Online Retail ETF by 35.4% during 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 period. Finally, HRT Financial LP acquired a new stake in shares of ProShares Online Retail ETF during the fourth quarter worth $1,047,000.

ProShares Online Retail ETF Price Performance

Shares of ONLN opened at $53.44 on Friday. The firm’s 50 day moving average is $57.85 and its 200-day moving average is $58.94. ProShares Online Retail ETF has a 12-month low of $36.21 and a 12-month high of $63.94. The stock has a market capitalization of $65.20 million, a P/E ratio of 22.53 and a beta of 1.36.

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.