ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) Sees Significant Decline in Short Interest
by Jessica Moore · The Cerbat GemProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION – Get Free Report) was the target of a significant decrease in short interest in December. As of December 15th, there was short interest totaling 1,764 shares, a decrease of 62.9% from the November 30th total of 4,749 shares. Approximately 1.8% of the shares of the company are sold short. Based on an average daily trading volume, of 3,189 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily trading volume, of 3,189 shares, the days-to-cover ratio is currently 0.6 days. Approximately 1.8% of the shares of the company are sold short.
ProShares S&P Global Core Battery Metals ETF Stock Performance
Shares of ION traded up $0.74 during mid-day trading on Friday, reaching $54.13. The stock had a trading volume of 19,539 shares, compared to its average volume of 2,888. The firm has a market cap of $5.41 million, a price-to-earnings ratio of 16.75 and a beta of 1.01. The business has a fifty day moving average of $45.23 and a 200 day moving average of $37.72. ProShares S&P Global Core Battery Metals ETF has a 12 month low of $20.72 and a 12 month high of $54.15.
Institutional Trading of 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 purchased a new position in ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION – Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 9,341 shares of the company’s stock, valued at approximately $271,000. Jane Street Group LLC owned approximately 11.68% of ProShares S&P Global Core Battery Metals ETF at the end of the most recent quarter.
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.