ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) Sees Significant Drop in Short Interest

ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) was the recipient of a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 25,581 shares, a decline of 23.5% from the January 15th total of 33,452 shares. Approximately 10.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 21,689 shares, the days-to-cover ratio is currently 1.2 days. Based on an average daily trading volume, of 21,689 shares, the days-to-cover ratio is currently 1.2 days. Approximately 10.2% of the shares of the stock are sold short.

ProShares S&P Global Core Battery Metals ETF Stock Performance

Shares of ION traded up $0.22 during trading hours on Monday, reaching $58.97. The stock had a trading volume of 7,249 shares, compared to its average volume of 16,408. ProShares S&P Global Core Battery Metals ETF has a 12 month low of $20.72 and a 12 month high of $66.00. The stock has a market capitalization of $14.74 million, a PE ratio of 16.75 and a beta of 1.01. The company’s 50-day moving average is $56.16 and its two-hundred day moving average is $45.22.

Institutional Trading of ProShares S&P Global Core Battery Metals ETF

An institutional investor recently bought a new position in ProShares S&P Global Core Battery Metals ETF stock. Jane Street Group LLC acquired a new stake in ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 12,477 shares of the company’s stock, valued at approximately $645,000. Jane Street Group LLC owned 4.99% of ProShares S&P Global Core Battery Metals ETF at the end of the most recent reporting period.

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.