ProShares Smart Materials ETF (NYSEARCA:TINT) Stock Price Down 1.1% – Here’s Why

ProShares Smart Materials ETF (NYSEARCA:TINT) shares were down 1.1% during mid-day trading on Tuesday . The stock traded as low as $39.44 and last traded at $39.44. 150 shares traded hands during trading, a decline of 76% from the average session volume of 627 shares. The stock had previously closed at $39.86.

ProShares Smart Materials ETF Price Performance

The business has a 50 day moving average of $39.53 and a 200 day moving average of $39.16. The company has a market cap of $1.93 million, a PE ratio of 18.76 and a beta of 1.23.

Hedge Funds Weigh In On 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 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,551 shares of the company’s stock after buying an additional 3,146 shares during the period. Jane Street Group LLC owned 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.