ProShares Online Retail ETF (NYSEARCA:ONLN - Get Free Report) saw a large increase in short interest in February. As of February 27th, there was short interest totaling 9,149 shares, an increase of 127.5% from the February 12th total of 4,022 shares. Based on an average daily volume of 11,461 shares, the short-interest ratio is currently
U.S. retail sales rose 0.5% in July, with strength in autos, furniture, online, clothing and health stores driving gains across sectors. One can tap ETFs like ONLN, XRT, IEDI and IHF.
Retail sales rose by 0.2% in February, a rebound from the downwardly revised 1.2% decline in January.
Online shopping is expected to be a bright spot for retailers this holiday season.