Global X Adaptive U.S. Risk Management ETF (NYSEARCA:ONOF) Trading Up 0.4% – Time to Buy?

Posted by ABMN Staff on Nov 19th, 2024

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

Global X Adaptive U.S. Risk Management ETF Trading Up 0.4 %

The business has a 50 day moving average price of $34.46 and a 200-day moving average price of $33.84. The company has a market cap 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 and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC bought a new position in shares of Global X Adaptive U.S. Risk Management ETF in the third quarter valued at about $493,000. Cetera Investment Advisers acquired a new position in Global X Adaptive U.S. Risk Management ETF in the 1st quarter valued at about $8,578,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Global X Adaptive U.S. Risk Management ETF by 3.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 2,892,514 shares of the company’s stock valued at $98,437,000 after buying an additional 87,092 shares during the last quarter.

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

(Get Free Report)

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.