ProShares Smart Materials ETF (NYSEARCA:TINT) Sees Large Growth in Short Interest

ProShares Smart Materials ETF (NYSEARCA:TINT) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 3,286 shares, an increase of 778.6% from the April 30th total of 374 shares. Approximately 6.6% of the shares of the company are sold short. Based on an average trading volume of 1,551 shares, the days-to-cover ratio is presently 2.1 days.

Institutional Trading of ProShares Smart Materials ETF

An institutional investor recently raised its position in ProShares Smart Materials ETF stock. Jane Street Group LLC boosted its position in shares of ProShares Smart Materials ETF (NYSEARCA:TINT) by 17.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,551 shares of the company’s stock after acquiring 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 reporting period.

ProShares Smart Materials ETF Price Performance

ProShares Smart Materials ETF stock traded down $0.27 during mid-day trading on Friday, reaching $42.22. 104 shares of the stock traded hands, compared to its average volume of 635. The stock has a market capitalization of $2.11 million, a PE ratio of 18.76 and a beta of 1.22. ProShares Smart Materials ETF has a 12-month low of $28.92 and a 12-month high of $42.51. The business’s 50-day moving average is $38.82 and its 200-day moving average is $36.46.

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.