ProShares Smart Materials ETF (NYSEARCA:TINT – Get Free Report) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 888 shares, a drop of 68.6% from the August 15th total of 2,829 shares. Currently, 1.8% of the shares of the company are short sold. Based on an average daily trading volume, of 838 shares, the short-interest ratio is currently 1.1 days.
Institutional Inflows and Outflows
A hedge fund recently raised its position in ProShares Smart Materials ETF stock. Jane Street Group LLC raised its position in shares of ProShares Smart Materials ETF (NYSEARCA:TINT – Free Report) by 17.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,551 shares of the company’s stock after purchasing an additional 3,146 shares during the quarter. Jane Street Group LLC owned 43.10% of ProShares Smart Materials ETF worth $607,000 as of its most recent SEC filing.
ProShares Smart Materials ETF Price Performance
Shares of TINT traded up $0.41 during trading hours on Friday, hitting $38.97. The stock had a trading volume of 90 shares, compared to its average volume of 617. ProShares Smart Materials ETF has a 12 month low of $30.96 and a 12 month high of $42.55. The firm has a market capitalization of $1.95 million, a PE ratio of 18.76 and a beta of 1.23. The stock has a fifty day moving average price of $39.51 and a 200 day moving average price of $39.16.
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.
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