ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) Short Interest Up 39.1% in October

ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 9,600 shares, an increase of 39.1% from the September 30th total of 6,900 shares. Currently, 12.0% of the company’s shares are short sold. Based on an average trading volume of 3,000 shares, the short-interest ratio is currently 3.2 days. Based on an average trading volume of 3,000 shares, the short-interest ratio is currently 3.2 days. Currently, 12.0% of the company’s shares are short sold.

ProShares S&P Global Core Battery Metals ETF Trading Down 2.2%

Shares of ProShares S&P Global Core Battery Metals ETF stock traded down $0.92 on Monday, reaching $41.33. 4,270 shares of the company were exchanged, compared to its average volume of 2,287. ProShares S&P Global Core Battery Metals ETF has a one year low of $20.72 and a one year high of $47.12. The company has a market capitalization of $4.13 million, a price-to-earnings ratio of 16.75 and a beta of 1.01. The company has a 50-day moving average of $38.23 and a 200 day moving average of $32.37.

Institutional Investors Weigh In On ProShares S&P Global Core Battery Metals ETF

A hedge fund recently bought a new stake in ProShares S&P Global Core Battery Metals ETF stock. Jane Street Group LLC purchased a new stake in ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,341 shares of the company’s stock, valued at approximately $271,000. Jane Street Group LLC owned approximately 11.68% of ProShares S&P Global Core Battery Metals ETF as of its most recent filing with the Securities & Exchange Commission.

About ProShares S&P Global Core Battery Metals ETF

The Proshares S&P Global Core Battery Metals ETF (ION) is an exchange-traded fund that is based on the S&P Global Core Battery Metals index. The fund tracks an index of companies from around the world that are engaged in the mining of base metals used to produce batteries. ION was launched on Nov 29, 2022 and is managed by ProShares.