ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) Trading Down 0.8% – Here’s Why

Shares of ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) dropped 0.8% on Wednesday . The stock traded as low as $53.42 and last traded at $53.42. Approximately 189 shares changed hands during trading, a decline of 97% from the average daily volume of 7,187 shares. The stock had previously closed at $53.84.

ProShares S&P Global Core Battery Metals ETF Price Performance

The firm has a market capitalization of $13.43 million, a PE ratio of 16.75 and a beta of 1.01. The company’s fifty day simple moving average is $50.18 and its 200 day simple moving average is $56.30.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ION. Moulton Wealth Management Inc. purchased a new stake in shares of ProShares S&P Global Core Battery Metals ETF during the second quarter worth $1,149,000. Moran Wealth Management LLC bought a new stake in shares of ProShares S&P Global Core Battery Metals ETF during the 1st quarter valued at $999,000. Finally, Jane Street Group LLC purchased a new stake in ProShares S&P Global Core Battery Metals ETF during the 4th quarter worth about $645,000.

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.