Global X Adaptive U.S. Risk Management ETF (NYSEARCA:ONOF) Short Interest Update

Global X Adaptive U.S. Risk Management ETF (NYSEARCA:ONOF) was the recipient of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 404 shares, a decline of 42.7% from the May 31st total of 705 shares. Based on an average daily trading volume, of 10,785 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Global X Adaptive U.S. Risk Management ETF Stock Performance

Shares of Global X Adaptive U.S. Risk Management ETF stock traded down $0.07 during midday trading on Wednesday, reaching $39.87. 4,448 shares of the company’s stock traded hands, compared to its average volume of 12,669. The stock has a 50 day moving average of $39.45 and a 200-day moving average of $38.15. Global X Adaptive U.S. Risk Management ETF has a 12 month low of $34.21 and a 12 month high of $40.71. The company has a market cap of $153.90 million, a PE ratio of 26.12 and a beta of 0.78.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers lifted its position in Global X Adaptive U.S. Risk Management ETF by 1.2% during the first quarter. Cetera Investment Advisers now owns 297,246 shares of the company’s stock valued at $10,774,000 after buying an additional 3,507 shares during the period. Maridea Wealth Management LLC bought a new position in shares of Global X Adaptive U.S. Risk Management ETF during the first quarter valued at approximately $2,156,000. Align Financial LLC purchased a new position in shares of Global X Adaptive U.S. Risk Management ETF during the fourth quarter valued at approximately $6,102,000. LPL Financial LLC boosted its position in shares of Global X Adaptive U.S. Risk Management ETF by 8.5% in the 4th quarter. LPL Financial LLC now owns 594,085 shares of the company’s stock worth $22,355,000 after purchasing an additional 46,687 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of Global X Adaptive U.S. Risk Management ETF by 0.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,666,611 shares of the company’s stock worth $101,865,000 after purchasing an additional 10,137 shares in the last quarter.

Global X Adaptive U.S. Risk Management ETF Company Profile

The Global X Adaptive U.S. Risk Management ETF (ONOF) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund tracks an index that allocates 100% of the portfolio to US equities or short-term Treasurys based on four market indicators. ONOF was launched on Jan 12, 2021 and is managed by Global X.