ProShares Nanotechnology ETF (NYSEARCA:TINY) Short Interest Up 86.7% in May

ProShares Nanotechnology ETF (NYSEARCA:TINY) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 6,476 shares, an increase of 86.7% from the April 30th total of 3,468 shares. Based on an average daily volume of 2,185 shares, the short-interest ratio is presently 3.0 days. Currently, 6.5% of the company’s stock are short sold.

Institutional Trading of ProShares Nanotechnology ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of TINY. Jane Street Group LLC increased its position in ProShares Nanotechnology ETF by 15.7% in the first quarter. Jane Street Group LLC now owns 15,685 shares of the company’s stock worth $592,000 after buying an additional 2,126 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of ProShares Nanotechnology ETF by 5.9% in the fourth quarter. SG Americas Securities LLC now owns 16,897 shares of the company’s stock worth $899,000 after purchasing an additional 935 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of ProShares Nanotechnology ETF during the first quarter valued at approximately $50,000. Finally, Flow Traders U.S. LLC boosted its position in shares of ProShares Nanotechnology ETF by 2.1% during the third quarter. Flow Traders U.S. LLC now owns 12,514 shares of the company’s stock valued at $636,000 after buying an additional 263 shares during the period. Hedge funds and other institutional investors own 34.48% of the company’s stock.

ProShares Nanotechnology ETF Trading Up 0.6%

Shares of TINY opened at $82.92 on Tuesday. The business’s fifty day simple moving average is $73.09 and its two-hundred day simple moving average is $63.88. The company has a market cap of $8.29 million, a price-to-earnings ratio of -156.45 and a beta of 1.57. ProShares Nanotechnology ETF has a 12 month low of $39.08 and a 12 month high of $85.00.

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.