ProShares Smart Materials ETF (NYSEARCA:TINT) Shares Up 0.3% – Here’s Why

ProShares Smart Materials ETF (NYSEARCA:TINT)’s share price rose 0.3% on Thursday . The company traded as high as $39.16 and last traded at $39.16. 100 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 651 shares. The stock had previously closed at $39.04.

ProShares Smart Materials ETF Trading Up 0.3%

The firm’s 50 day simple moving average is $40.74 and its 200-day simple moving average is $37.84. The stock has a market capitalization of $1.96 million, a price-to-earnings ratio of 18.76 and a beta of 1.23.

Institutional Trading of ProShares Smart Materials ETF

An institutional investor recently raised its position in ProShares Smart Materials ETF stock. Jane Street Group LLC raised its stake in ProShares Smart Materials ETF (NYSEARCA:TINT) by 17.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,551 shares of the company’s stock after purchasing an additional 3,146 shares during the quarter. Jane Street Group LLC owned approximately 43.10% of ProShares Smart Materials ETF worth $607,000 at the end of the most recent reporting period.

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.