ProShares On-Demand ETF (NYSEARCA:OND) Short Interest Update

ProShares On-Demand ETF (NYSEARCA:OND) was the recipient of a large decline in short interest in September. As of September 15th, there was short interest totaling 106 shares, a decline of 54.5% from the August 31st total of 233 shares. Based on an average daily trading volume, of 506 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

ProShares On-Demand ETF Trading Down 1.8%

NYSEARCA:OND traded down $0.60 on Monday, reaching $32.67. The stock had a trading volume of 16 shares, compared to its average volume of 844. The company has a 50-day moving average of $34.52 and a 200 day moving average of $34.56. The stock has a market cap of $2.61 million, a P/E ratio of 36.24 and a beta of 1.21. ProShares On-Demand ETF has a 12-month low of $32.32 and a 12-month high of $49.00.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in ProShares On-Demand ETF stock. IFP Advisors Inc acquired a new stake in shares of ProShares On-Demand ETF (NYSEARCA:OND) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,425 shares of the company’s stock, valued at approximately $100,000. IFP Advisors Inc owned approximately 1.62% of ProShares On-Demand ETF as of its most recent SEC filing.

ProShares On-Demand ETF Company 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.