ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) Short Interest Update

ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) was the target of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 346 shares, a decline of 42.5% from the February 26th total of 602 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 9,650 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors Weigh In On ProShares S&P Global Core Battery Metals ETF

A hedge fund recently bought a new position in ProShares S&P Global Core Battery Metals ETF stock. Jane Street Group LLC purchased a new position in ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 Stock Performance

Shares of NYSEARCA ION traded up $1.63 during trading on Friday, hitting $54.74. The company had a trading volume of 1,590 shares, compared to its average volume of 12,342. 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 firm has a market capitalization of $13.69 million, a P/E ratio of 16.75 and a beta of 1.01. The stock has a 50 day simple moving average of $58.75 and a 200 day simple moving average of $49.66.

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.