Short Interest in ProShares Smart Materials ETF (NYSEARCA:TINT) Drops By 73.0%
by Danessa Lincoln · The Markets DailyProShares Smart Materials ETF (NYSEARCA:TINT – Get Free Report) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 888 shares, a decrease of 73.0% from the May 14th total of 3,286 shares. Currently, 1.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 757 shares, the short-interest ratio is presently 1.2 days.
ProShares Smart Materials ETF Price Performance
TINT traded up $1.76 on Thursday, reaching $41.39. 881 shares of the company’s stock were exchanged, compared to its average volume of 669. ProShares Smart Materials ETF has a twelve month low of $29.30 and a twelve month high of $42.55. The stock has a market cap of $2.07 million, a PE ratio of 18.76 and a beta of 1.22. The stock’s fifty day moving average price is $39.80 and its 200-day moving average price is $36.99.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in ProShares Smart Materials ETF stock. Jane Street Group LLC lifted its stake in shares of ProShares Smart Materials ETF (NYSEARCA:TINT – Free Report) by 17.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 quarter.
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.