ProShares Smart Materials ETF (NYSEARCA:TINT) Trading 0.3% Higher – Still a Buy?

ProShares Smart Materials ETF (NYSEARCA:TINT) shares rose 0.3% during mid-day trading on Thursday . The stock traded as high as $39.16 and last traded at $39.16. 100 shares were traded during trading, a decline of 85% from the average daily volume of 651 shares. The stock had previously closed at $39.04.

ProShares Smart Materials ETF Price Performance

The firm has a 50-day moving average of $40.72 and a 200 day moving average of $37.85. The stock has a market capitalization of $1.96 million, a price-to-earnings ratio of 18.76 and a beta of 1.23.

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 stake in shares of ProShares Smart Materials ETF (NYSEARCA:TINT) by 17.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 reporting period.

About ProShares Smart Materials ETF

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.