ProShares Smart Materials ETF (NYSEARCA:TINT) Short Interest Update
by Jessica Moore · The Cerbat GemProShares Smart Materials ETF (NYSEARCA:TINT – Get Free Report) was the recipient of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 374 shares, a decrease of 77.8% from the April 15th total of 1,687 shares. Based on an average daily trading volume, of 331 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.7% of the company’s shares are short sold.
Institutional Investors Weigh In On ProShares Smart Materials ETF
An institutional investor recently raised its position in ProShares Smart Materials ETF stock. Jane Street Group LLC lifted its holdings in shares of ProShares Smart Materials ETF (NYSEARCA:TINT – Free Report) by 17.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,551 shares of the company’s stock after purchasing an additional 3,146 shares during the quarter. Jane Street Group LLC owned 43.10% of ProShares Smart Materials ETF worth $607,000 at the end of the most recent quarter.
ProShares Smart Materials ETF Trading Up 2.2%
Shares of NYSEARCA TINT traded up $0.89 during mid-day trading on Wednesday, reaching $41.91. 1,285 shares of the company’s stock were exchanged, compared to its average volume of 615. The firm has a market capitalization of $2.10 million, a price-to-earnings ratio of 18.76 and a beta of 1.22. The business has a fifty day simple moving average of $37.51 and a 200 day simple moving average of $35.82. ProShares Smart Materials ETF has a twelve month low of $28.37 and a twelve month high of $41.95.
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.