ProShares Big Data Refiners ETF (NYSEARCA:DAT) Sees Significant Increase in Short Interest

ProShares Big Data Refiners ETF (NYSEARCA:DAT) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 4,704 shares, an increase of 24.4% from the November 30th total of 3,780 shares. Approximately 3.1% of the shares of the company are short sold. Based on an average daily trading volume, of 1,741 shares, the days-to-cover ratio is currently 2.7 days. Based on an average daily trading volume, of 1,741 shares, the days-to-cover ratio is currently 2.7 days. Approximately 3.1% of the shares of the company are short sold.

ProShares Big Data Refiners ETF Stock Performance

Shares of DAT stock traded down $0.48 during trading hours on Wednesday, reaching $45.56. The company had a trading volume of 496 shares, compared to its average volume of 2,223. ProShares Big Data Refiners ETF has a 12-month low of $33.03 and a 12-month high of $49.14. The company has a market capitalization of $6.83 million, a price-to-earnings ratio of 37.53 and a beta of 1.17. The stock has a fifty day moving average of $45.98 and a 200-day moving average of $46.32.

Hedge Funds Weigh In On ProShares Big Data Refiners ETF

A number of institutional investors have recently bought and sold shares of DAT. Flow Traders U.S. LLC acquired a new stake in ProShares Big Data Refiners ETF during the third quarter worth $685,000. Advisory Services Network LLC purchased a new position in shares of ProShares Big Data Refiners ETF during the 3rd quarter worth $126,000. Finally, Jane Street Group LLC raised its holdings in ProShares Big Data Refiners ETF by 17.2% in the 1st quarter. Jane Street Group LLC now owns 7,083 shares of the company’s stock valued at $279,000 after buying an additional 1,037 shares during the period.

ProShares Big Data Refiners ETF Company Profile

The ProShares Big Data Refiners ETF (DAT) is an exchange-traded fund that is based on the FactSet Big Data Refiners index, a market-cap-weighted index of global companies focusing on the management, storage, usage, and analysis of large structured and unstructured datasets. DAT was launched on Sep 29, 2021 and is managed by ProShares.