ProShares Smart Materials ETF (NYSEARCA:TINT) Sees Large Increase in Short Interest

ProShares Smart Materials ETF (NYSEARCA:TINT) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 10,200 shares, a growth of 175.7% from the August 31st total of 3,700 shares. Based on an average trading volume of 600 shares, the days-to-cover ratio is presently 17.0 days. Based on an average trading volume of 600 shares, the days-to-cover ratio is presently 17.0 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ProShares Smart Materials ETF stock. Jane Street Group LLC boosted its position in ProShares Smart Materials ETF (NYSEARCA:TINT) by 17.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,551 shares of the company’s stock after purchasing an additional 3,146 shares during the quarter. Jane Street Group LLC owned about 43.10% of ProShares Smart Materials ETF worth $607,000 at the end of the most recent reporting period.

ProShares Smart Materials ETF Trading Down 0.4%

TINT stock opened at $33.32 on Friday. The firm has a market capitalization of $1.67 million, a PE ratio of 18.76 and a beta of 1.34. ProShares Smart Materials ETF has a 1-year low of $23.98 and a 1-year high of $33.71. The business’s 50 day simple moving average is $32.29 and its 200 day simple moving average is $30.05.

ProShares Smart Materials ETF Company Profile

The ProShares Smart Materials ETF (TINT) is an exchange-traded fund that is based on the Solactive Smart Materials index. The fund tracks a market-cap weighted index of global companies that have significant exposure to smart materials, also known as intelligent or responsive materials. TINT was launched on Oct 26, 2021 and is managed by ProShares.