Short Interest in Global X Adaptive U.S. Risk Management ETF (NYSEARCA:ONOF) Grows By 983.4%

Global X Adaptive U.S. Risk Management ETF (NYSEARCA:ONOF) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 15,081 shares, an increase of 983.4% from the July 15th total of 1,392 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average trading volume of 12,748 shares, the short-interest ratio is currently 1.2 days.

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

Shares of ONOF stock remained flat at $41.25 during mid-day trading on Thursday. The company’s stock had a trading volume of 1,888 shares, compared to its average volume of 11,737. Global X Adaptive U.S. Risk Management ETF has a 52 week low of $35.16 and a 52 week high of $41.31. The company has a market capitalization of $142.31 million, a price-to-earnings ratio of 26.12 and a beta of 0.78. The company has a 50 day moving average of $39.95 and a 200 day moving average of $38.61.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE increased its holdings in Global X Adaptive U.S. Risk Management ETF by 5.5% in the 2nd quarter. Bank of America Corp DE now owns 5,743 shares of the company’s stock valued at $197,000 after buying an additional 298 shares during the period. Citadel Advisors LLC bought a new position in shares of Global X Adaptive U.S. Risk Management ETF during the 3rd quarter worth about $472,000. Maridea Wealth Management LLC acquired a new stake in shares of Global X Adaptive U.S. Risk Management ETF during the 1st quarter valued at about $2,156,000. Align Financial LLC bought a new stake in Global X Adaptive U.S. Risk Management ETF in the fourth quarter valued at about $6,102,000. Finally, Cetera Investment Advisers increased its stake in Global X Adaptive U.S. Risk Management ETF by 1.2% in the first quarter. Cetera Investment Advisers now owns 297,246 shares of the company’s stock valued at $10,774,000 after acquiring an additional 3,507 shares during the period.

About Global X Adaptive U.S. Risk Management ETF

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.