Global X Adaptive U.S. Risk Management ETF (NYSEARCA:ONOF) Short Interest Up 259.2% in June

Global X Adaptive U.S. Risk Management ETF (NYSEARCA:ONOF) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 1,451 shares, an increase of 259.2% from the June 15th total of 404 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 6,504 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Global X Adaptive U.S. Risk Management ETF

A number of large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its holdings in shares of Global X Adaptive U.S. Risk Management ETF by 5.5% in the second quarter. Bank of America Corp DE now owns 5,743 shares of the company’s stock valued at $197,000 after purchasing an additional 298 shares during the last quarter. Cetera Investment Advisers grew its stake in Global X Adaptive U.S. Risk Management ETF by 1.2% in the 1st quarter. Cetera Investment Advisers now owns 297,246 shares of the company’s stock valued at $10,774,000 after buying an additional 3,507 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Global X Adaptive U.S. Risk Management ETF by 0.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,666,611 shares of the company’s stock worth $101,865,000 after acquiring an additional 10,137 shares during the last quarter. Citadel Advisors LLC bought a new stake in shares of Global X Adaptive U.S. Risk Management ETF during the third quarter worth approximately $472,000. Finally, LPL Financial LLC grew its position in shares of Global X Adaptive U.S. Risk Management ETF by 8.5% in the fourth quarter. LPL Financial LLC now owns 594,085 shares of the company’s stock valued at $22,355,000 after purchasing an additional 46,687 shares during the last quarter.

Global X Adaptive U.S. Risk Management ETF Stock Performance

NYSEARCA:ONOF traded up $0.18 during mid-day trading on Tuesday, hitting $40.16. The stock had a trading volume of 4,434 shares, compared to its average volume of 12,140. Global X Adaptive U.S. Risk Management ETF has a twelve month low of $34.50 and a twelve month high of $40.71. The stock has a market cap of $139.76 million, a price-to-earnings ratio of 26.12 and a beta of 0.78. The company’s 50 day simple moving average is $39.76 and its 200 day simple moving average is $38.28.

Global X Adaptive U.S. Risk Management ETF Company Profile

The Global X Adaptive U.S. Risk Management ETF (ONOF) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund tracks an index that allocates 100% of the portfolio to US equities or short-term Treasurys based on four market indicators. ONOF was launched on Jan 12, 2021 and is managed by Global X.