ProShares Nanotechnology ETF (NYSEARCA:TINY – Get Free Report) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 17,011 shares, a growth of 106.8% from the July 15th total of 8,226 shares. Based on an average trading volume of 8,277 shares, the short-interest ratio is presently 2.1 days. Approximately 7.7% of the company’s stock are sold short.
Hedge Funds Weigh In On ProShares Nanotechnology ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in TINY. Flow Traders U.S. LLC boosted its holdings in shares of ProShares Nanotechnology ETF by 2.1% during the 3rd quarter. Flow Traders U.S. LLC now owns 12,514 shares of the company’s stock valued at $636,000 after buying an additional 263 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of ProShares Nanotechnology ETF in the 1st quarter worth about $50,000. Finally, Jane Street Group LLC lifted its position in ProShares Nanotechnology ETF by 15.7% during the 1st quarter. Jane Street Group LLC now owns 15,685 shares of the company’s stock valued at $592,000 after acquiring an additional 2,126 shares during the period. Hedge funds and other institutional investors own 34.48% of the company’s stock.
ProShares Nanotechnology ETF Stock Performance
Shares of TINY traded down $1.03 on Friday, reaching $82.13. The stock had a trading volume of 1,836 shares, compared to its average volume of 7,443. ProShares Nanotechnology ETF has a 12-month low of $43.05 and a 12-month high of $97.12. The firm has a market capitalization of $18.07 million, a price-to-earnings ratio of -154.96 and a beta of 1.58. The company has a 50-day simple moving average of $84.40 and a 200-day simple moving average of $75.03.
ProShares Nanotechnology ETF Company Profile
The ProShares Nanotechnology ETF (TINY) is an exchange-traded fund that is based on the Solactive Nanotechnology index, a market-cap-weighted index of 30 securities from developed markets involved in nanoscale technology. TINY was launched on Oct 26, 2021 and is managed by ProShares.
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