ProShares Online Retail ETF (NYSEARCA:ONLN) Trading Down 0.6% – Here’s Why

ProShares Online Retail ETF (NYSEARCA:ONLN) traded down 0.6% during mid-day trading on Wednesday . The stock traded as low as $46.13 and last traded at $46.18. 14,626 shares traded hands during trading, a decline of 9% from the average session volume of 16,118 shares. The stock had previously closed at $46.45.

ProShares Online Retail ETF Stock Down 0.6 %

The business’s 50 day simple moving average is $44.86 and its 200 day simple moving average is $42.11. The company has a market capitalization of $113.14 million, a PE ratio of 26.58 and a beta of 1.68.

Institutional Investors Weigh In On ProShares Online Retail ETF

Hedge funds have recently made changes to their positions in the company. Jane Street Group LLC purchased a new position in ProShares Online Retail ETF during the 3rd quarter worth approximately $243,000. SG Americas Securities LLC grew its holdings in shares of ProShares Online Retail ETF by 23.4% during the third quarter. SG Americas Securities LLC now owns 27,268 shares of the company’s stock valued at $1,236,000 after buying an additional 5,169 shares in the last quarter. Cetera Advisors LLC raised its position in ProShares Online Retail ETF by 4.5% during the first quarter. Cetera Advisors LLC now owns 62,096 shares of the company’s stock valued at $2,440,000 after buying an additional 2,654 shares during the period. Cetera Investment Advisers lifted its stake in ProShares Online Retail ETF by 88.6% in the 1st quarter. Cetera Investment Advisers now owns 63,840 shares of the company’s stock worth $2,508,000 after acquiring an additional 29,984 shares in the last quarter. Finally, Main Management ETF Advisors LLC lifted its stake in ProShares Online Retail ETF by 0.8% in the 2nd quarter. Main Management ETF Advisors LLC now owns 256,740 shares of the company’s stock worth $10,436,000 after acquiring an additional 1,980 shares in the last quarter.

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.