ProShares Big Data Refiners ETF (NYSEARCA:DAT) Sees Significant Decline in Short Interest

ProShares Big Data Refiners ETF (NYSEARCA:DAT) saw a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 1,245 shares, a decline of 45.6% from the April 15th total of 2,290 shares. Based on an average trading volume of 1,055 shares, the short-interest ratio is currently 1.2 days. Currently, 0.8% of the shares of the company are short sold.

ProShares Big Data Refiners ETF Stock Performance

Shares of NYSEARCA DAT traded up $0.73 during trading hours on Friday, reaching $39.81. 328 shares of the stock were exchanged, compared to its average volume of 2,241. The firm has a market capitalization of $5.97 million, a price-to-earnings ratio of 37.53 and a beta of 1.12. ProShares Big Data Refiners ETF has a 52 week low of $31.88 and a 52 week high of $49.14. The stock’s fifty day simple moving average is $36.00 and its 200 day simple moving average is $40.61.

Institutional Investors Weigh In On ProShares Big Data Refiners ETF

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

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.