ProShares Smart Materials ETF (NYSEARCA:TINT) Trading 2.5% Higher – Should You Buy?

ProShares Smart Materials ETF (NYSEARCA:TINT)’s stock price shot up 2.5% on Monday . The stock traded as high as $35.61 and last traded at $35.61. 468 shares were traded during mid-day trading, a decline of 24% from the average session volume of 615 shares. The stock had previously closed at $34.73.

ProShares Smart Materials ETF Stock Down 0.5%

The firm has a market capitalization of $1.78 million, a P/E ratio of 18.76 and a beta of 1.23. The company’s 50 day moving average is $36.92 and its 200-day moving average is $34.30.

Institutional Trading of ProShares Smart Materials ETF

A hedge fund recently raised its stake in ProShares Smart Materials ETF stock. Jane Street Group LLC boosted its position in ProShares Smart Materials ETF (NYSEARCA:TINT) by 17.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,551 shares of the company’s stock after acquiring an additional 3,146 shares during the period. Jane Street Group LLC owned 43.10% of ProShares Smart Materials ETF worth $607,000 as of its most recent SEC filing.

About ProShares Smart Materials ETF

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.