Short Interest in ProShares Nanotechnology ETF (NYSEARCA:TINY) Drops By 45.9%

ProShares Nanotechnology ETF (NYSEARCA:TINYGet Free Report) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 10,909 shares, a drop of 45.9% from the August 15th total of 20,182 shares. Based on an average trading volume of 4,698 shares, the days-to-cover ratio is presently 2.3 days. Currently, 5.0% of the company’s stock are short sold.

Institutional Trading of ProShares Nanotechnology ETF

A hedge fund recently bought a new stake in ProShares Nanotechnology ETF stock. International Assets Investment Management LLC purchased a new position in shares of ProShares Nanotechnology ETF (NYSEARCA:TINYFree Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 800 shares of the company’s stock, valued at approximately $50,000. International Assets Investment Management LLC owned about 0.80% of ProShares Nanotechnology ETF as of its most recent SEC filing. Institutional investors and hedge funds own 34.48% of the company’s stock.

ProShares Nanotechnology ETF Stock Down 0.5%

TINY traded down $0.35 on Tuesday, reaching $70.79. The company had a trading volume of 1,410 shares, compared to its average volume of 6,901. ProShares Nanotechnology ETF has a 1 year low of $46.75 and a 1 year high of $97.12. The stock has a market capitalization of $15.57 million, a PE ratio of -133.57 and a beta of 1.57. The stock has a 50-day moving average price of $78.83 and a 200-day moving average price of $76.80.

ProShares Nanotechnology ETF Company Profile

(Get Free Report)

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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