Short Interest in ProShares Big Data Refiners ETF (NYSEARCA:DAT) Declines By 52.3%

ProShares Big Data Refiners ETF (NYSEARCA:DAT) was the target of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 693 shares, a decline of 52.3% from the June 30th total of 1,454 shares. Based on an average trading volume of 949 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.6% of the shares of the company are sold short.

Institutional Trading of ProShares Big Data Refiners ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC boosted its holdings in shares of 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 valued at $279,000 after buying an additional 1,037 shares during the period. Advisory Services Network LLC bought a new stake in shares of ProShares Big Data Refiners ETF during the 3rd quarter valued at about $126,000. Finally, Flow Traders U.S. LLC acquired a new stake in ProShares Big Data Refiners ETF during the third quarter worth about $685,000.

ProShares Big Data Refiners ETF Price Performance

Shares of DAT stock traded up $0.81 on Wednesday, hitting $44.68. 11,434 shares of the stock traded hands, compared to its average volume of 2,363. The company’s fifty day moving average is $42.68 and its 200 day moving average is $39.36. ProShares Big Data Refiners ETF has a 1-year low of $31.88 and a 1-year high of $49.14. The company has a market capitalization of $5.36 million, a PE ratio of 37.53 and a beta of 1.19.

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.