ProShares Nanotechnology ETF (NYSEARCA:TINY – Get Free Report) saw a significant decrease in short interest in June. As of June 30th, there was short interest totaling 9,429 shares, a decrease of 68.9% from the June 15th total of 30,298 shares. Based on an average daily volume of 29,179 shares, the days-to-cover ratio is presently 0.3 days. Currently, 2.4% of the shares of the company are sold short.
ProShares Nanotechnology ETF Trading Up 2.9%
NYSEARCA:TINY traded up $2.40 during midday trading on Tuesday, hitting $85.56. 14,346 shares of the stock were exchanged, compared to its average volume of 7,773. The business has a 50-day moving average price of $85.23 and a two-hundred day moving average price of $71.72. The company has a market capitalization of $34.22 million, a price-to-earnings ratio of -161.43 and a beta of 1.56. ProShares Nanotechnology ETF has a one year low of $42.80 and a one year high of $97.12.
Institutional Investors Weigh In On ProShares Nanotechnology ETF
Several institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in ProShares Nanotechnology ETF during the first quarter valued at about $50,000. Jane Street Group LLC increased its holdings in shares of ProShares Nanotechnology ETF by 15.7% during the first quarter. Jane Street Group LLC now owns 15,685 shares of the company’s stock worth $592,000 after buying an additional 2,126 shares in the last quarter. Flow Traders U.S. LLC boosted its stake in ProShares Nanotechnology ETF by 2.1% in the third quarter. Flow Traders U.S. LLC now owns 12,514 shares of the company’s stock worth $636,000 after purchasing an additional 263 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in ProShares Nanotechnology ETF by 5.9% during the 4th quarter. SG Americas Securities LLC now owns 16,897 shares of the company’s stock worth $899,000 after buying an additional 935 shares in the last quarter. 34.48% of the stock is currently owned by institutional investors and hedge funds.
About ProShares Nanotechnology ETF
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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