ProShares Big Data Refiners ETF (NYSEARCA:DAT) Short Interest Down 55.6% in July

ProShares Big Data Refiners ETF (NYSEARCA:DAT) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 308 shares, a decline of 55.6% from the July 15th total of 693 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 3,104 shares, the days-to-cover ratio is currently 0.1 days.

ProShares Big Data Refiners ETF Stock Down 1.0%

DAT traded down $0.52 during trading hours on Friday, hitting $49.90. 601 shares of the company’s stock were exchanged, compared to its average volume of 2,382. The stock has a market cap of $5.99 million, a price-to-earnings ratio of 37.53 and a beta of 1.19. ProShares Big Data Refiners ETF has a 1-year low of $31.88 and a 1-year high of $50.42. The stock’s 50-day moving average is $43.91 and its two-hundred day moving average is $39.79.

Hedge Funds Weigh In On ProShares Big Data Refiners ETF

A number of large investors have recently modified their holdings of the business. Advisory Services Network LLC bought a new position in shares of ProShares Big Data Refiners ETF in the 3rd quarter valued at about $126,000. Jane Street Group LLC raised its holdings in ProShares Big Data Refiners ETF by 17.2% during the first quarter. Jane Street Group LLC now owns 7,083 shares of the company’s stock worth $279,000 after acquiring an additional 1,037 shares in the last quarter. Finally, Flow Traders U.S. LLC acquired a new position in ProShares Big Data Refiners ETF during the third quarter valued at approximately $685,000.

About ProShares Big Data Refiners ETF

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.