ProShares Smart Materials ETF (NYSEARCA:TINT) Short Interest Down 77.8% in April

ProShares Smart Materials ETF (NYSEARCA:TINT) was the recipient of a significant decline in short interest in April. As of April 30th, there was short interest totaling 374 shares, a decline of 77.8% from the April 15th total of 1,687 shares. Based on an average daily volume of 331 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.7% of the company’s stock are sold short.

ProShares Smart Materials ETF Stock Up 1.2%

Shares of TINT traded up $0.50 during midday trading on Thursday, reaching $42.41. 2,244 shares of the stock were exchanged, compared to its average volume of 632. The company has a market cap of $2.12 million, a price-to-earnings ratio of 18.76 and a beta of 1.22. ProShares Smart Materials ETF has a 12-month low of $28.37 and a 12-month high of $42.52. The firm has a 50 day simple moving average of $37.61 and a 200-day simple moving average of $35.88.

Hedge Funds Weigh In On ProShares Smart Materials ETF

An institutional investor recently raised its position in ProShares Smart Materials ETF stock. Jane Street Group LLC raised its holdings in ProShares Smart Materials ETF (NYSEARCA:TINT) by 17.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,551 shares of the company’s stock after acquiring 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 quarter.

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.