ProShares Online Retail ETF (NYSEARCA:ONLN) Stock Price Down 2.9% – Should You Sell?

Shares of ProShares Online Retail ETF (NYSEARCA:ONLN) fell 2.9% during mid-day trading on Monday . The company traded as low as $44.99 and last traded at $45.22. 8,834 shares changed hands during trading, a decline of 8% from the average session volume of 9,636 shares. The stock had previously closed at $46.56.

ProShares Online Retail ETF Trading Down 2.9 %

The business’s fifty day simple moving average is $47.70 and its 200-day simple moving average is $45.38. The firm has a market cap of $70.54 million, a P/E ratio of 22.80 and a beta of 1.32.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Advisors Preferred LLC bought a new position in shares of ProShares Online Retail ETF in the fourth quarter worth $119,000. Jane Street Group LLC bought a new position in shares of ProShares Online Retail ETF in the third quarter worth $243,000. Envestnet Asset Management Inc. bought a new position in shares of ProShares Online Retail ETF in the fourth quarter worth $447,000. Tower Research Capital LLC TRC increased 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 worth $485,000 after purchasing an additional 3,397 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of ProShares Online Retail ETF in the fourth quarter worth $562,000.

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.