ProShares Nanotechnology ETF (NYSEARCA:TINY) Sees Significant Increase in Short Interest

ProShares Nanotechnology ETF (NYSEARCA:TINY) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 17,011 shares, an increase of 106.8% from the July 15th total of 8,226 shares. Currently, 7.7% of the company’s stock are short sold. Based on an average daily volume of 8,277 shares, the days-to-cover ratio is presently 2.1 days.

ProShares Nanotechnology ETF Stock Performance

Shares of ProShares Nanotechnology ETF stock opened at $82.13 on Monday. The company has a 50-day simple moving average of $84.40 and a two-hundred day simple moving average of $75.12. The stock has a market capitalization of $18.07 million, a PE ratio of -154.96 and a beta of 1.58. ProShares Nanotechnology ETF has a 52-week low of $43.05 and a 52-week high of $97.12.

Hedge Funds Weigh In On ProShares Nanotechnology ETF

Hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its stake in ProShares Nanotechnology ETF by 15.7% during the 1st quarter. Jane Street Group LLC now owns 15,685 shares of the company’s stock valued at $592,000 after purchasing an additional 2,126 shares during the last quarter. Flow Traders U.S. LLC lifted its holdings in shares of ProShares Nanotechnology ETF by 2.1% during the third quarter. Flow Traders U.S. LLC now owns 12,514 shares of the company’s stock valued at $636,000 after purchasing an additional 263 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of ProShares Nanotechnology ETF during the first quarter valued at $50,000. 34.48% of the stock is currently owned by hedge funds and other institutional investors.

ProShares Nanotechnology ETF Company Profile

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.