ProShares On-Demand ETF $OND Shares Acquired by Sowell Financial Services LLC

Sowell Financial Services LLC grew its stake in ProShares On-Demand ETF (NYSEARCA:OND) by 123.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,898 shares of the company’s stock after acquiring an additional 24,832 shares during the quarter. Sowell Financial Services LLC owned about 29.93% of ProShares On-Demand ETF worth $1,847,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of OND. Citadel Advisors LLC acquired a new stake in shares of ProShares On-Demand ETF in the 3rd quarter worth $1,136,000. Susquehanna International Group LLP acquired a new stake in shares of ProShares On-Demand ETF in the 3rd quarter worth $944,000. Finally, Flow Traders U.S. LLC purchased a new stake in shares of ProShares On-Demand ETF in the 3rd quarter valued at approximately $525,000.

ProShares On-Demand ETF Price Performance

Shares of NYSEARCA OND opened at $32.97 on Wednesday. The company has a 50 day simple moving average of $35.48 and a 200-day simple moving average of $40.82. The company has a market capitalization of $3.96 million, a P/E ratio of 36.24 and a beta of 1.30. ProShares On-Demand ETF has a 1 year low of $29.76 and a 1 year high of $49.00.

ProShares On-Demand ETF Profile

The ProShares On-Demand ETF (OND) is an exchange-traded fund that is based on the FactSet On-Demand index, a market-cap-weighted index of global stocks that provides on-demand platforms and services to consumers. OND was launched on Oct 26, 2021 and is managed by ProShares.