The ProShares S&P Global Core Battery Metals ETF (NYSEARCA:ION) experienced a notable decline in short interest during January 2023. As of January 30, the total short interest stood at **25,581 shares**, reflecting a **23.5%** decrease from the **33,452 shares** reported on January 15. This change indicates that approximately **10.2%** of the total shares are currently sold short. With an average daily trading volume of **21,689 shares**, the short-interest ratio is now at **1.2 days**.
Trading activity for the ETF has shown some fluctuations. On the latest trading day, shares rose by **$0.22**, reaching a price of **$58.97**. The volume for this session was **7,249 shares**, falling short of its average volume of **16,408 shares**. The ETF holds a market capitalization of **$14.74 million**, with a price-to-earnings ratio of **16.75** and a beta of **1.01**. Over the past twelve months, the fund has seen a low of **$20.72** and a high of **$66.00**. Its fifty-day moving average stands at **$55.93**, while the two-hundred-day moving average is at **$44.93**.
Institutional Investments in ProShares S&P Global Core Battery Metals ETF
Recent filings with the Securities and Exchange Commission (SEC) reveal that a significant hedge fund has acquired shares in the ProShares S&P Global Core Battery Metals ETF. **Jane Street Group LLC** purchased a new stake during the second quarter, acquiring **9,341 shares** valued at approximately **$271,000**. By the end of the latest reporting period, Jane Street Group LLC held about **11.68%** of the ETF.
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 tracks the S&P Global Core Battery Metals Index. This index includes companies involved in the mining of essential metals used in battery production. Launched on **November 29, 2022**, the fund is managed by ProShares, a well-regarded investment firm specializing in ETFs.
The ETF’s performance and its short interest dynamics reflect ongoing investor interest in battery metals, a sector that is increasingly crucial as the global demand for electric vehicles and renewable energy solutions continues to rise.
