ProShares Nanotechnology ETF (NYSEARCA:TINY) Short Interest Down 45.9% in August
by Mitch Edgeman · The Markets DailyProShares Nanotechnology ETF (NYSEARCA:TINY – Get Free Report) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 10,909 shares, a decrease of 45.9% from the August 15th total of 20,182 shares. Approximately 5.0% of the shares of the company are sold short. Based on an average trading volume of 4,698 shares, the days-to-cover ratio is presently 2.3 days.
Institutional Investors Weigh In On ProShares Nanotechnology ETF
An institutional investor recently bought a new position in ProShares Nanotechnology ETF stock. International Assets Investment Management LLC bought a new position in shares of ProShares Nanotechnology ETF (NYSEARCA:TINY – Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 800 shares of the company’s stock, valued at approximately $50,000. International Assets Investment Management LLC owned 0.80% of ProShares Nanotechnology ETF as of its most recent filing with the Securities and Exchange Commission (SEC). 34.48% of the stock is currently owned by institutional investors and hedge funds.
ProShares Nanotechnology ETF Trading Down 0.5%
Shares of ProShares Nanotechnology ETF stock traded down $0.35 during trading on Tuesday, reaching $70.79. The company’s stock had a trading volume of 1,410 shares, compared to its average volume of 6,901. The company has a 50-day moving average price of $78.83 and a two-hundred day moving average price of $76.80. ProShares Nanotechnology ETF has a fifty-two week low of $46.75 and a fifty-two week high of $97.12. The firm has a market cap of $15.57 million, a PE ratio of -133.57 and a beta of 1.57.
ProShares Nanotechnology ETF Company Profile
The ProShares Nanotechnology ETF (TINY) is an exchange-traded fund that is based on the Solactive Nanotechnology index, a market-cap-weighted index of 30 securities from developed markets involved in nanoscale technology. TINY was launched on Oct 26, 2021 and is managed by ProShares.