Short Interest in ProShares Big Data Refiners ETF (NYSEARCA:DAT) Decreases By 45.6%

ProShares Big Data Refiners ETF (NYSEARCA:DAT) saw a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 1,245 shares, a decrease of 45.6% from the April 15th total of 2,290 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 1,055 shares, the days-to-cover ratio is currently 1.2 days.

ProShares Big Data Refiners ETF Stock Performance

ProShares Big Data Refiners ETF stock traded up $0.58 during trading hours on Monday, reaching $40.39. 37 shares of the stock were exchanged, compared to its average volume of 2,217. The stock has a market cap of $6.06 million, a P/E ratio of 37.53 and a beta of 1.12. ProShares Big Data Refiners ETF has a 52-week low of $31.88 and a 52-week high of $49.14. The firm’s 50 day moving average is $36.05 and its 200 day moving average is $40.49.

Institutional Investors Weigh In On ProShares Big Data Refiners ETF

Hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC acquired a new stake in ProShares Big Data Refiners ETF in the third quarter valued at about $126,000. Jane Street Group LLC lifted its position in ProShares Big Data Refiners ETF by 17.2% in the first quarter. Jane Street Group LLC now owns 7,083 shares of the company’s stock valued at $279,000 after purchasing an additional 1,037 shares during the period. Finally, Flow Traders U.S. LLC acquired a new stake in ProShares Big Data Refiners ETF in the third quarter valued at about $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.