ProShares Smart Materials ETF (NYSEARCA:TINT) Shares Up 3.5% – What’s Next?

Shares of ProShares Smart Materials ETF (NYSEARCA:TINT) rose 3.5% during mid-day trading on Tuesday . The stock traded as high as $35.74 and last traded at $35.74. Approximately 43 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 584 shares. The stock had previously closed at $34.54.

ProShares Smart Materials ETF Stock Performance

The firm has a market cap of $1.76 million, a P/E ratio of 18.76 and a beta of 1.23. The stock’s 50-day moving average is $36.98 and its 200 day moving average is $34.58.

Institutional Investors Weigh In On ProShares Smart Materials ETF

A hedge fund recently raised its stake in ProShares Smart Materials ETF stock. Jane Street Group LLC increased its holdings in shares of ProShares Smart Materials ETF (NYSEARCA:TINT) by 17.1% during the 1st 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 period. Jane Street Group LLC owned approximately 43.10% of ProShares Smart Materials ETF worth $607,000 at the end of the most recent quarter.

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.