ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) Stock Price Down 1.7% – What’s Next?

ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) shares were down 1.7% during mid-day trading on Wednesday. The stock traded as low as $39.96 and last traded at $40.24. 2,032 shares changed hands during trading, a decline of 67% from the average session volume of 6,142 shares. The stock had previously closed at $40.92.

ProShares S&P Global Core Battery Metals ETF Price Performance

The stock’s 50-day moving average is $48.26 and its 200-day moving average is $53.33. The stock has a market cap of $9.71 million, a price-to-earnings ratio of 16.75 and a beta of 1.07.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Moulton Wealth Management Inc. acquired a new stake in shares of ProShares S&P Global Core Battery Metals ETF during the second quarter worth $1,149,000. Moran Wealth Management LLC acquired a new position in ProShares S&P Global Core Battery Metals ETF in the first quarter valued at $999,000. Finally, Citadel Advisors LLC acquired a new position in ProShares S&P Global Core Battery Metals ETF in the second quarter valued at $296,000.

ProShares S&P Global Core Battery Metals ETF Company Profile

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.