ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) Shares Down 5.4% – What’s Next?

Shares of ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) dropped 5.4% during trading on Friday . The stock traded as low as $58.01 and last traded at $60.40. Approximately 10,738 shares traded hands during mid-day trading, an increase of 4% from the average daily volume of 10,281 shares. The stock had previously closed at $63.86.

ProShares S&P Global Core Battery Metals ETF Stock Performance

The firm’s 50 day moving average is $60.02 and its 200-day moving average is $55.39. The stock has a market capitalization of $15.10 million, a price-to-earnings ratio of 16.75 and a beta of 2.77.

Hedge Funds Weigh In On 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 bought a new stake in ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 9,341 shares of the company’s stock, valued at approximately $271,000. Jane Street Group LLC owned 11.68% 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.