ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION – Get Free Report) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totaling 1,015 shares, a drop of 37.2% from the June 30th total of 1,616 shares. Based on an average daily volume of 1,895 shares, the short-interest ratio is currently 0.5 days. Approximately 0.4% of the shares of the stock are sold short.
Institutional Investors Weigh In On ProShares S&P Global Core Battery Metals ETF
Several institutional investors and hedge funds have recently made changes to their positions in the business. Jane Street Group LLC acquired a new stake in ProShares S&P Global Core Battery Metals ETF in the 2nd quarter valued at about $271,000. Moran Wealth Management LLC acquired a new position in ProShares S&P Global Core Battery Metals ETF during the first quarter worth about $999,000. Finally, Moulton Wealth Management Inc. acquired a new position in ProShares S&P Global Core Battery Metals ETF during the second quarter worth about $1,149,000.
ProShares S&P Global Core Battery Metals ETF Price Performance
ION traded up $1.41 during trading on Thursday, reaching $47.50. 5,432 shares of the stock were exchanged, compared to its average volume of 7,977. The business’s 50 day moving average price is $52.96 and its two-hundred day moving average price is $57.63. The company has a market capitalization of $11.88 million, a price-to-earnings ratio of 16.75 and a beta of 0.99. ProShares S&P Global Core Battery Metals ETF has a 1 year low of $30.63 and a 1 year high of $69.55.
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.
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