Global X Adaptive U.S. Risk Management ETF (NYSEARCA:ONOF) Trading Up 1%

Global X Adaptive U.S. Risk Management ETF (NYSEARCA:ONOF) was up 1% on Tuesday . The company traded as high as $31.67 and last traded at $31.60. Approximately 5,199 shares traded hands during trading, a decline of 25% from the average daily volume of 6,913 shares. The stock had previously closed at $31.28.

Global X Adaptive U.S. Risk Management ETF Price Performance

The business has a 50-day simple moving average of $31.94 and a two-hundred day simple moving average of $30.14. The stock has a market cap of $112.81 million, a price-to-earnings ratio of 24.84 and a beta of 0.73.

Institutional Investors Weigh In On Global X Adaptive U.S. Risk Management ETF

A hedge fund recently raised its stake in Global X Adaptive U.S. Risk Management ETF stock. Wealth Enhancement Advisory Services LLC lifted its stake in Global X Adaptive U.S. Risk Management ETF (NYSEARCA:ONOF) by 3.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,805,422 shares of the company’s stock after buying an additional 89,642 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 78.58% of Global X Adaptive U.S. Risk Management ETF worth $91,878,000 as of its most recent filing with the Securities and Exchange Commission.

About Global X Adaptive U.S. Risk Management ETF

The Global X Adaptive U.S. Risk Management ETF (ONOF) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund tracks an index that allocates 100% of the portfolio to US equities or short-term Treasurys based on four market indicators. ONOF was launched on Jan 12, 2021 and is managed by Global X.