ProShares Smart Materials ETF (NYSEARCA:TINT – Get Free Report) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 888 shares, a decline of 73.0% from the May 14th total of 3,286 shares. Based on an average daily volume of 757 shares, the days-to-cover ratio is currently 1.2 days. Approximately 1.8% of the shares of the stock are sold short.
ProShares Smart Materials ETF Stock Up 4.4%
TINT stock traded up $1.76 during trading on Thursday, reaching $41.39. The company’s stock had a trading volume of 881 shares, compared to its average volume of 669. ProShares Smart Materials ETF has a 1 year low of $29.30 and a 1 year high of $42.55. The company has a market capitalization of $2.07 million, a P/E ratio of 18.76 and a beta of 1.22. The company’s fifty day moving average is $39.80 and its 200-day moving average is $36.99.
Institutional Trading of ProShares Smart Materials ETF
An institutional investor recently raised its position in ProShares Smart Materials ETF stock. Jane Street Group LLC boosted its holdings in shares of ProShares Smart Materials ETF (NYSEARCA:TINT – Free Report) by 17.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,551 shares of the company’s stock after acquiring an additional 3,146 shares during the quarter. Jane Street Group LLC owned 43.10% of ProShares Smart Materials ETF worth $607,000 as of its most recent SEC filing.
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.
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