ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) Shares Down 1.4% – Time to Sell?

ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) were down 1.4% during mid-day trading on Tuesday . The company traded as low as $46.17 and last traded at $46.24. Approximately 1,578 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 8,038 shares. The stock had previously closed at $46.88.

ProShares S&P Global Core Battery Metals ETF Trading Down 1.4%

The business has a 50 day moving average of $53.22 and a 200-day moving average of $57.70. The stock has a market cap of $11.56 million, a PE ratio of 16.75 and a beta of 0.99.

Hedge Funds Weigh In On ProShares S&P Global Core Battery Metals ETF

A number of institutional investors have recently modified their holdings of the business. Moulton Wealth Management Inc. purchased a new stake in ProShares S&P Global Core Battery Metals ETF in the 2nd quarter valued at $1,149,000. Moran Wealth Management LLC purchased a new position in ProShares S&P Global Core Battery Metals ETF during the 1st quarter worth $999,000. Finally, Jane Street Group LLC purchased a new position in ProShares S&P Global Core Battery Metals ETF during the 4th quarter worth $645,000.

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.