ProShares Nanotechnology ETF (NYSEARCA:TINY) Sees Significant Decline in Short Interest

ProShares Nanotechnology ETF (NYSEARCA:TINY) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 10,909 shares, a drop of 45.9% from the August 15th total of 20,182 shares. Based on an average daily trading volume, of 4,698 shares, the short-interest ratio is presently 2.3 days. Approximately 5.0% of the company’s shares are short sold.

ProShares Nanotechnology ETF Stock Performance

Shares of NYSEARCA:TINY traded up $1.09 during midday trading on Thursday, hitting $72.60. 1,323 shares of the company’s stock traded hands, compared to its average volume of 6,839. The firm’s fifty day moving average price is $78.41 and its two-hundred day moving average price is $76.82. ProShares Nanotechnology ETF has a twelve month low of $46.75 and a twelve month high of $97.12. The company has a market cap of $72.53 million, a PE ratio of -136.98 and a beta of 1.57.

Hedge Funds Weigh In On ProShares Nanotechnology ETF

A hedge fund recently bought a new stake in ProShares Nanotechnology ETF stock. International Assets Investment Management LLC bought a new stake in ProShares Nanotechnology ETF (NYSEARCA:TINY) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 800 shares of the company’s stock, valued at approximately $50,000. International Assets Investment Management LLC owned approximately 0.80% of ProShares Nanotechnology ETF as of its most recent SEC filing. 34.48% of the stock is owned by institutional investors and hedge funds.

About ProShares Nanotechnology ETF

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.