Short Interest in ProShares Smart Materials ETF (NYSEARCA:TINT) Rises By 70.2%

ProShares Smart Materials ETF (NYSEARCA:TINT) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 1,995 shares, an increase of 70.2% from the July 15th total of 1,172 shares. Based on an average daily trading volume, of 504 shares, the short-interest ratio is currently 4.0 days. Approximately 4.0% of the shares of the company are short sold.

ProShares Smart Materials ETF Trading Down 0.4%

TINT stock traded down $0.18 during trading on Monday, reaching $41.46. 3,784 shares of the stock were exchanged, compared to its average volume of 630. ProShares Smart Materials ETF has a twelve month low of $30.96 and a twelve month high of $42.55. The company has a market capitalization of $2.07 million, a P/E ratio of 18.76 and a beta of 1.23. The stock has a 50 day simple moving average of $39.71 and a 200-day simple moving average of $38.91.

Institutional Trading of ProShares Smart Materials ETF

An institutional investor recently raised its stake in ProShares Smart Materials ETF stock. Jane Street Group LLC lifted its position in ProShares Smart Materials ETF (NYSEARCA:TINT) by 17.1% in the first quarter, according to its most recent Form 13F filing with the Securities and 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 43.10% of ProShares Smart Materials ETF worth $607,000 at the end of the most recent reporting period.

ProShares Smart Materials ETF Company Profile

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.