ProShares Online Retail ETF (NYSEARCA:ONLN) Trading 3.3% Higher – Here’s Why

ProShares Online Retail ETF (NYSEARCA:ONLN) were up 3.3% during trading on Monday . The stock traded as high as $45.43 and last traded at $45.42. Approximately 5,855 shares changed hands during trading, a decline of 61% from the average daily volume of 15,179 shares. The stock had previously closed at $43.99.

ProShares Online Retail ETF Stock Up 3.3 %

The business has a 50-day moving average price of $47.33 and a two-hundred day moving average price of $45.80. The company has a market capitalization of $69.49 million, a price-to-earnings ratio of 21.13 and a beta of 1.39.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ONLN. Advisors Preferred LLC purchased a new position in shares of ProShares Online Retail ETF during the fourth quarter valued at approximately $119,000. Jane Street Group LLC bought a new position in ProShares Online Retail ETF during the 3rd quarter valued at $243,000. Envestnet Asset Management Inc. bought a new position in ProShares Online Retail ETF during the 4th quarter valued at $447,000. Tower Research Capital LLC TRC boosted its holdings in ProShares Online Retail ETF by 45.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,859 shares of the company’s stock worth $485,000 after acquiring an additional 3,397 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of ProShares Online Retail ETF in the 4th quarter worth $562,000.

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.