Short Interest in ProShares Nanotechnology ETF (NYSEARCA:TINY) Increases By 86.7%

ProShares Nanotechnology ETF (NYSEARCA:TINY) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 6,476 shares, an increase of 86.7% from the April 30th total of 3,468 shares. Based on an average trading volume of 2,185 shares, the short-interest ratio is presently 3.0 days. Currently, 6.5% of the company’s shares are short sold.

Hedge Funds Weigh In On ProShares Nanotechnology ETF

Several institutional investors have recently bought and sold shares of TINY. Jane Street Group LLC grew its position in ProShares Nanotechnology ETF by 15.7% in the 1st quarter. Jane Street Group LLC now owns 15,685 shares of the company’s stock valued at $592,000 after acquiring an additional 2,126 shares in the last quarter. Flow Traders U.S. LLC grew its position in shares of ProShares Nanotechnology ETF by 2.1% during the third quarter. Flow Traders U.S. LLC now owns 12,514 shares of the company’s stock worth $636,000 after buying an additional 263 shares in the last quarter. SG Americas Securities LLC grew its position in shares of ProShares Nanotechnology ETF by 5.9% during the fourth quarter. SG Americas Securities LLC now owns 16,897 shares of the company’s stock worth $899,000 after buying an additional 935 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of ProShares Nanotechnology ETF during the first quarter worth about $50,000. 34.48% of the stock is owned by institutional investors and hedge funds.

ProShares Nanotechnology ETF Stock Up 2.6%

NYSEARCA TINY opened at $85.04 on Thursday. ProShares Nanotechnology ETF has a 52 week low of $40.30 and a 52 week high of $85.04. The business’s fifty day simple moving average is $73.95 and its 200-day simple moving average is $64.34. The firm has a market cap of $8.50 million, a PE ratio of -160.45 and a beta of 1.57.

About ProShares Nanotechnology ETF

The ProShares Nanotechnology ETF (TINY) is an exchange-traded fund that is based on the Solactive Nanotechnology index, a market-cap-weighted index of 30 securities from developed markets involved in nanoscale technology. TINY was launched on Oct 26, 2021 and is managed by ProShares.