Short Interest in ProShares Smart Materials ETF (NYSEARCA:TINT) Drops By 68.6%

ProShares Smart Materials ETF (NYSEARCA:TINT) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 888 shares, a decrease of 68.6% from the August 15th total of 2,829 shares. Approximately 1.8% of the shares of the company are sold short. Based on an average trading volume of 838 shares, the short-interest ratio is presently 1.1 days.

Institutional Investors Weigh In On ProShares Smart Materials ETF

An institutional investor recently raised its stake in ProShares Smart Materials ETF stock. Jane Street Group LLC boosted its stake in ProShares Smart Materials ETF (NYSEARCA:TINT) by 17.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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.

ProShares Smart Materials ETF Stock Up 1.1%

Shares of NYSEARCA TINT traded up $0.41 during trading on Friday, reaching $38.97. 90 shares of the company traded hands, compared to its average volume of 617. The firm has a 50 day simple moving average of $39.51 and a 200-day simple moving average of $39.16. The stock has a market capitalization of $1.95 million, a PE ratio of 18.76 and a beta of 1.23. ProShares Smart Materials ETF has a 52-week low of $30.96 and a 52-week high of $42.55.

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.