Short Interest in ProShares Big Data Refiners ETF (NYSEARCA:DAT) Decreases By 34.7%

ProShares Big Data Refiners ETF (NYSEARCA:DAT) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totaling 2,052 shares, a drop of 34.7% from the May 31st total of 3,141 shares. Approximately 1.4% of the shares of the stock are sold short. Based on an average daily volume of 3,307 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds Weigh In On ProShares Big Data Refiners ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC bought a new stake in shares of ProShares Big Data Refiners ETF during the third quarter worth $126,000. Flow Traders U.S. LLC acquired a new stake in shares of ProShares Big Data Refiners ETF during the 3rd quarter valued at $685,000. Finally, Jane Street Group LLC boosted its holdings in shares of ProShares Big Data Refiners ETF by 17.2% during the 1st quarter. Jane Street Group LLC now owns 7,083 shares of the company’s stock valued at $279,000 after acquiring an additional 1,037 shares in the last quarter.

ProShares Big Data Refiners ETF Stock Up 3.3%

Shares of DAT stock opened at $43.53 on Thursday. ProShares Big Data Refiners ETF has a twelve month low of $31.88 and a twelve month high of $49.14. The company has a market cap of $5.22 million, a P/E ratio of 37.53 and a beta of 1.19. The business has a fifty day simple moving average of $40.34 and a 200 day simple moving average of $39.64.

ProShares Big Data Refiners ETF Company Profile

The ProShares Big Data Refiners ETF (DAT) is an exchange-traded fund that is based on the FactSet Big Data Refiners index, a market-cap-weighted index of global companies focusing on the management, storage, usage, and analysis of large structured and unstructured datasets. DAT was launched on Sep 29, 2021 and is managed by ProShares.