Global X Adaptive U.S. Risk Management ETF (NYSEARCA:ONOF) Shares Up 0.4% – What’s Next?

Global X Adaptive U.S. Risk Management ETF (NYSEARCA:ONOF)’s stock price rose 0.4% during trading on Monday . The company traded as high as $35.28 and last traded at $35.23. Approximately 3,795 shares were traded during mid-day trading, a decline of 50% from the average daily volume of 7,608 shares. The stock had previously closed at $35.10.

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

The company has a 50-day moving average of $34.56 and a 200-day moving average of $33.88. The stock has a market cap of $131.04 million, a price-to-earnings ratio of 25.27 and a beta of 0.91.

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

A number of large investors have recently added to or reduced their stakes in ONOF. Cetera Investment Advisers purchased a new position in shares of Global X Adaptive U.S. Risk Management ETF during the 1st quarter worth about $8,578,000. Wealth Enhancement Advisory Services LLC increased its position in Global X Adaptive U.S. Risk Management ETF by 3.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,892,514 shares of the company’s stock worth $98,437,000 after purchasing an additional 87,092 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in Global X Adaptive U.S. Risk Management ETF during the third quarter worth approximately $493,000.

Global X Adaptive U.S. Risk Management ETF Company Profile

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.