ProShares Smart Materials ETF (NYSEARCA:TINT) Sees Large Increase in Short Interest

ProShares Smart Materials ETF (NYSEARCA:TINT) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 10,200 shares, an increase of 175.7% from the August 31st total of 3,700 shares. Based on an average daily volume of 600 shares, the days-to-cover ratio is currently 17.0 days. Based on an average daily volume of 600 shares, the days-to-cover ratio is currently 17.0 days.

ProShares Smart Materials ETF Stock Performance

TINT opened at $33.32 on Friday. The business has a 50 day moving average price of $32.29 and a 200 day moving average price of $30.05. ProShares Smart Materials ETF has a twelve month low of $23.98 and a twelve month high of $33.71. The firm has a market cap of $1.67 million, a P/E ratio of 18.76 and a beta of 1.34.

Institutional Investors Weigh In On ProShares Smart Materials ETF

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

ProShares Smart Materials ETF Company Profile

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.