ProShares Online Retail ETF (NYSEARCA:ONLN) Shares Up 0.6%

ProShares Online Retail ETF (NYSEARCA:ONLN)’s share price rose 0.6% during trading on Thursday . The company traded as high as $39.46 and last traded at $39.29. Approximately 32,972 shares were traded during mid-day trading, an increase of 71% from the average daily volume of 19,322 shares. The stock had previously closed at $39.06.

ProShares Online Retail ETF Stock Performance

The firm’s 50 day simple moving average is $36.48 and its 200-day simple moving average is $33.83. The company has a market capitalization of $120.62 million, a price-to-earnings ratio of 29.65 and a beta of 1.32.

Hedge Funds Weigh In On ProShares Online Retail ETF

Several institutional investors and hedge funds have recently bought and sold shares of ONLN. Cibc World Market Inc. boosted its holdings in shares of ProShares Online Retail ETF by 9.2% during the first quarter. Cibc World Market Inc. now owns 6,862 shares of the company’s stock worth $315,000 after purchasing an additional 580 shares during the period. SG Americas Securities LLC increased its stake in shares of ProShares Online Retail ETF by 2.9% in the third quarter. SG Americas Securities LLC now owns 21,254 shares of the company’s stock worth $657,000 after acquiring an additional 606 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of ProShares Online Retail ETF by 3.5% during the second quarter. Royal Bank of Canada now owns 31,031 shares of the company’s stock worth $1,016,000 after acquiring an additional 1,041 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in ProShares Online Retail ETF during the first quarter valued at $56,000. Finally, LPL Financial LLC grew its stake in ProShares Online Retail ETF by 6.3% in the second quarter. LPL Financial LLC now owns 33,653 shares of the company’s stock valued at $1,093,000 after purchasing an additional 1,984 shares in 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.