ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) Stock Short Interest Climbs 65.2%

ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 365 shares, a growth of 65.2% from the September 30th total of 221 shares. Based on an average daily volume of 2,710 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

ProShares S&P Global Core Battery Metals ETF Stock Performance

ProShares S&P Global Core Battery Metals ETF stock opened at $37.62 on Monday. ProShares S&P Global Core Battery Metals ETF has a fifty-two week low of $37.51 and a fifty-two week high of $69.55. The firm’s 50-day simple moving average is $46.74 and its 200 day simple moving average is $54.36. The stock has a market cap of $8.28 million, a PE ratio of 16.75 and a beta of 1.07.

Hedge Funds Weigh In On ProShares S&P Global Core Battery Metals ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Moulton Wealth Management Inc. purchased a new stake in shares of ProShares S&P Global Core Battery Metals ETF during the second quarter valued at approximately $1,149,000. Moran Wealth Management LLC bought a new stake in ProShares S&P Global Core Battery Metals ETF during the first quarter worth $999,000. Finally, Citadel Advisors LLC bought a new stake in ProShares S&P Global Core Battery Metals ETF during the second quarter worth $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.