ProShares Smart Materials ETF (NYSEARCA:TINT) Short Interest Up 70.2% in July

ProShares Smart Materials ETF (NYSEARCA:TINT) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 1,995 shares, a growth of 70.2% from the July 15th total of 1,172 shares. Based on an average trading volume of 504 shares, the days-to-cover ratio is presently 4.0 days. Approximately 4.0% of the company’s shares are sold short.

Institutional Investors Weigh In On ProShares Smart Materials ETF

A hedge fund recently raised its stake in ProShares Smart Materials ETF stock. Jane Street Group LLC grew its holdings in ProShares Smart Materials ETF (NYSEARCA:TINT) by 17.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

ProShares Smart Materials ETF Stock Performance

NYSEARCA:TINT traded down $0.18 during trading hours on Monday, hitting $41.46. The stock had a trading volume of 3,784 shares, compared to its average volume of 630. ProShares Smart Materials ETF has a one year low of $30.96 and a one year high of $42.55. The company has a market cap of $2.07 million, a price-to-earnings ratio of 18.76 and a beta of 1.23. The business’s 50 day moving average is $39.71 and its 200-day moving average is $38.91.

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.