ProShares Online Retail ETF (NYSEARCA:ONLN) Trading Down 0.6% – Time to Sell?

ProShares Online Retail ETF (NYSEARCA:ONLN)’s stock price fell 0.6% during trading on Wednesday . The stock traded as low as $46.13 and last traded at $46.18. 14,626 shares traded hands during trading, a decline of 9% from the average session volume of 16,118 shares. The stock had previously closed at $46.45.

ProShares Online Retail ETF Stock Down 0.6 %

The business has a 50-day simple moving average of $44.86 and a two-hundred day simple moving average of $42.11. The stock has a market capitalization of $113.14 million, a price-to-earnings ratio of 26.58 and a beta of 1.68.

Institutional Trading of ProShares Online Retail ETF

Several institutional investors have recently modified their holdings of ONLN. Cetera Investment Advisers lifted its stake in ProShares Online Retail ETF by 88.6% during the first quarter. Cetera Investment Advisers now owns 63,840 shares of the company’s stock valued at $2,508,000 after purchasing an additional 29,984 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of ProShares Online Retail ETF by 23.4% in the third quarter. SG Americas Securities LLC now owns 27,268 shares of the company’s stock valued at $1,236,000 after buying an additional 5,169 shares in the last quarter. Main Management ETF Advisors LLC lifted its position in shares of ProShares Online Retail ETF by 0.8% during the 2nd quarter. Main Management ETF Advisors LLC now owns 256,740 shares of the company’s stock valued at $10,436,000 after acquiring an additional 1,980 shares during the last quarter. Cetera Advisors LLC boosted its stake in shares of ProShares Online Retail ETF by 4.5% during the 1st quarter. Cetera Advisors LLC now owns 62,096 shares of the company’s stock worth $2,440,000 after acquiring an additional 2,654 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of ProShares Online Retail ETF in the 3rd quarter worth $243,000.

ProShares Online Retail ETF Company Profile

The ProShares Online Retail ETF (ONLN) is an exchange-traded fund that is based on the ProShares Online Retail index. The fund tracks a global, modified market-cap weighted index of stocks issued by companies classified as online retailers. ONLN was launched on Jul 13, 2018 and is managed by ProShares.