ProShares Smart Materials ETF (NYSEARCA:TINT) Short Interest Update

ProShares Smart Materials ETF (NYSEARCA:TINT) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 3,286 shares, a growth of 778.6% from the April 30th total of 374 shares. Currently, 6.6% of the company’s stock are sold short. Based on an average daily volume of 1,551 shares, the days-to-cover ratio is currently 2.1 days.

ProShares Smart Materials ETF Trading Down 0.0%

NYSEARCA:TINT opened at $42.06 on Thursday. ProShares Smart Materials ETF has a 1 year low of $28.89 and a 1 year high of $42.51. The firm’s fifty day simple moving average is $38.53 and its 200 day simple moving average is $36.34. The firm has a market capitalization of $2.10 million, a PE ratio of 18.76 and a beta of 1.22.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ProShares Smart Materials ETF stock. Jane Street Group LLC boosted its position in ProShares Smart Materials ETF (NYSEARCA:TINT) by 17.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,551 shares of the company’s stock after buying 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.