ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) Short Interest Update

ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 4,964 shares, a decrease of 80.5% from the April 30th total of 25,468 shares. Approximately 2.0% of the company’s stock are sold short. Based on an average daily volume of 7,769 shares, the short-interest ratio is currently 0.6 days.

ProShares S&P Global Core Battery Metals ETF Price Performance

ProShares S&P Global Core Battery Metals ETF stock opened at $59.89 on Thursday. ProShares S&P Global Core Battery Metals ETF has a one year low of $26.72 and a one year high of $69.55. The company’s fifty day moving average price is $60.43 and its two-hundred day moving average price is $56.52. The company has a market capitalization of $14.97 million, a price-to-earnings ratio of 16.75 and a beta of 0.97.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ProShares S&P Global Core Battery Metals ETF stock. Jane Street Group LLC acquired a new stake in ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 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 as of its most recent filing with the SEC.

About ProShares S&P Global Core Battery Metals ETF

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.