ProShares Smart Materials ETF (NYSEARCA:TINT) Short Interest Update

ProShares Smart Materials ETF (NYSEARCA:TINT) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 1,995 shares, an increase of 70.2% from the July 15th total of 1,172 shares. Currently, 4.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 504 shares, the short-interest ratio is presently 4.0 days.

Institutional Trading of ProShares Smart Materials ETF

A hedge fund recently raised its position in ProShares Smart Materials ETF stock. Jane Street Group LLC boosted its stake in ProShares Smart Materials ETF (NYSEARCA:TINT) by 17.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,551 shares of the company’s stock after purchasing an additional 3,146 shares during the quarter. Jane Street Group LLC owned about 43.10% of ProShares Smart Materials ETF worth $607,000 at the end of the most recent reporting period.

ProShares Smart Materials ETF Price Performance

ProShares Smart Materials ETF stock traded down $0.88 during mid-day trading on Tuesday, reaching $40.58. 825 shares of the company were exchanged, compared to its average volume of 629. The company has a fifty day simple moving average of $39.75 and a 200-day simple moving average of $38.94. 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 cap of $2.03 million, a PE ratio of 18.76 and a beta of 1.23.

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.