ProShares Online Retail ETF (NYSEARCA:ONLN) Stock Price Down 0.3% – Should You Sell?

ProShares Online Retail ETF (NYSEARCA:ONLN)’s stock price dropped 0.3% during trading on Monday . The company traded as low as $44.00 and last traded at $44.94. Approximately 21,779 shares were traded during trading, an increase of 27% from the average daily volume of 17,194 shares. The stock had previously closed at $45.07.

ProShares Online Retail ETF Stock Performance

The firm has a market capitalization of $109.49 million, a price-to-earnings ratio of 26.58 and a beta of 1.68. The firm’s 50-day moving average price is $45.61 and its two-hundred day moving average price is $43.09.

Hedge Funds Weigh In On ProShares Online Retail ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC bought a new position in ProShares Online Retail ETF during the 3rd quarter valued at about $243,000. SG Americas Securities LLC increased its holdings in shares of ProShares Online Retail ETF by 23.4% during the third quarter. SG Americas Securities LLC now owns 27,268 shares of the company’s stock worth $1,236,000 after buying an additional 5,169 shares in the last quarter. Finally, Main Management ETF Advisors LLC raised its stake in shares of ProShares Online Retail ETF by 0.8% in the second 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.

About ProShares Online Retail ETF

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.