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 share price was up 0.4% during trading on Monday . The company traded as high as $35.28 and last traded at $35.23. Approximately 3,795 shares traded hands 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 Up 0.4 %

The firm has a 50-day moving average price of $34.46 and a two-hundred day moving average price of $33.84. The company has a market capitalization of $130.35 million, a P/E ratio of 25.27 and a beta of 0.91.

Institutional Trading of Global X Adaptive U.S. Risk Management ETF

Several institutional investors have recently modified their holdings of the company. Jane Street Group LLC acquired a new position in shares of Global X Adaptive U.S. Risk Management ETF in the 3rd quarter valued at $493,000. Cetera Investment Advisers raised its position in Global X Adaptive U.S. Risk Management ETF by 3.1% in the second quarter. Cetera Investment Advisers now owns 270,010 shares of the company’s stock worth $9,189,000 after purchasing an additional 8,083 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake 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 period.

About Global X Adaptive U.S. Risk Management ETF

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.