ProShares Online Retail ETF (NYSEARCA:ONLN) Trading Up 3.3% – Here’s Why

Shares of ProShares Online Retail ETF (NYSEARCA:ONLN) were up 3.3% on Monday . The stock traded as high as $45.43 and last traded at $45.42. Approximately 5,855 shares changed hands during trading, a decline of 61% from the average daily volume of 15,179 shares. The stock had previously closed at $43.99.

ProShares Online Retail ETF Price Performance

The company’s 50 day simple moving average is $47.35 and its 200 day simple moving average is $45.85. The company has a market capitalization of $68.33 million, a PE ratio of 21.13 and a beta of 1.39.

ProShares Online Retail ETF Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th will be given a $0.0557 dividend. This is an increase from ProShares Online Retail ETF’s previous dividend of $0.05. The ex-dividend date of this dividend is Wednesday, March 26th.

Hedge Funds Weigh In On ProShares Online Retail ETF

Several hedge funds have recently made changes to their positions in the company. Two Sigma Investments LP purchased a new position in ProShares Online Retail ETF during the 4th quarter worth approximately $925,000. Tower Research Capital LLC TRC boosted its holdings in shares of ProShares Online Retail ETF by 45.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,859 shares of the company’s stock valued at $485,000 after acquiring an additional 3,397 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of ProShares Online Retail ETF in the fourth quarter valued at approximately $562,000. Envestnet Asset Management Inc. purchased a new position in shares of ProShares Online Retail ETF during the fourth quarter worth approximately $447,000. Finally, Advisors Preferred LLC acquired a new position in shares of ProShares Online Retail ETF in the 4th quarter valued at $119,000.

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.