ProShares On-Demand ETF (NYSEARCA:OND) Sees Significant Growth in Short Interest

ProShares On-Demand ETF (NYSEARCA:OND) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 363 shares, a growth of 266.7% from the June 30th total of 99 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 366 shares, the short-interest ratio is currently 1.0 days.

Hedge Funds Weigh In On ProShares On-Demand ETF

Large investors have recently modified their holdings of the stock. IFP Advisors Inc acquired a new stake in shares of ProShares On-Demand ETF in the fourth quarter valued at approximately $100,000. Jane Street Group LLC acquired a new position in ProShares On-Demand ETF during the 4th quarter worth $369,000. Flow Traders U.S. LLC acquired a new position in ProShares On-Demand ETF during the 3rd quarter worth $525,000. Susquehanna International Group LLP acquired a new position in ProShares On-Demand ETF during the 3rd quarter worth $944,000. Finally, Citadel Advisors LLC bought a new position in ProShares On-Demand ETF in the 3rd quarter valued at $1,136,000.

ProShares On-Demand ETF Price Performance

Shares of ProShares On-Demand ETF stock remained flat at $33.84 during trading on Tuesday. The company had a trading volume of 12 shares, compared to its average volume of 1,002. ProShares On-Demand ETF has a fifty-two week low of $32.32 and a fifty-two week high of $49.00. The stock has a 50 day moving average of $34.58 and a 200-day moving average of $35.70. The firm has a market capitalization of $3.38 million, a PE ratio of 36.24 and a beta of 1.21.

About ProShares On-Demand ETF

The ProShares On-Demand ETF (OND) is an exchange-traded fund that is based on the FactSet On-Demand index, a market-cap-weighted index of global stocks that provides on-demand platforms and services to consumers. OND was launched on Oct 26, 2021 and is managed by ProShares.