ProShares Online Retail ETF (NYSEARCA:ONLN) Trading Down 0.3% – Here’s What Happened

ProShares Online Retail ETF (NYSEARCA:ONLN) were down 0.3% during mid-day trading on Monday . The company traded as low as $44.00 and last traded at $44.94. Approximately 21,779 shares were traded during trading, an increase of 27% from the average daily volume of 17,194 shares. The stock had previously closed at $45.07.

ProShares Online Retail ETF Price Performance

The business’s 50 day simple moving average is $45.61 and its 200 day simple moving average is $43.09. The company has a market capitalization of $109.49 million, a price-to-earnings ratio of 26.58 and a beta of 1.68.

Hedge Funds Weigh In On ProShares Online Retail ETF

Several institutional investors and hedge funds have recently made changes to their positions in ONLN. Jane Street Group LLC bought a new stake in shares of ProShares Online Retail ETF in the 3rd quarter valued at approximately $243,000. SG Americas Securities LLC increased its stake in 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 purchasing an additional 5,169 shares during the last quarter. Finally, Main Management ETF Advisors LLC increased its stake in ProShares Online Retail ETF by 0.8% during the second quarter. Main Management ETF Advisors LLC now owns 256,740 shares of the company’s stock valued at $10,436,000 after purchasing an additional 1,980 shares during the last quarter.

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.