ProShares Big Data Refiners ETF (NYSEARCA:DAT) Sees Significant Decrease in Short Interest

ProShares Big Data Refiners ETF (NYSEARCA:DAT) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 693 shares, a decrease of 52.3% from the June 30th total of 1,454 shares. Based on an average trading volume of 949 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.6% of the company’s shares are sold short.

ProShares Big Data Refiners ETF Stock Performance

Shares of DAT stock traded up $0.20 on Tuesday, hitting $43.87. The company had a trading volume of 580 shares, compared to its average volume of 2,300. The firm has a market cap of $5.26 million, a P/E ratio of 37.53 and a beta of 1.19. The stock’s 50-day moving average is $42.53 and its two-hundred day moving average is $39.38. ProShares Big Data Refiners ETF has a twelve month low of $31.88 and a twelve month high of $49.14.

Hedge Funds Weigh In On ProShares Big Data Refiners ETF

Institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC lifted its position in shares of ProShares Big Data Refiners ETF by 17.2% during the 1st quarter. Jane Street Group LLC now owns 7,083 shares of the company’s stock valued at $279,000 after acquiring an additional 1,037 shares during the period. Advisory Services Network LLC bought a new position in ProShares Big Data Refiners ETF during the third quarter worth $126,000. Finally, Flow Traders U.S. LLC acquired a new stake in ProShares Big Data Refiners ETF in the third quarter worth $685,000.

ProShares Big Data Refiners ETF Company Profile

The ProShares Big Data Refiners ETF (DAT) is an exchange-traded fund that is based on the FactSet Big Data Refiners index, a market-cap-weighted index of global companies focusing on the management, storage, usage, and analysis of large structured and unstructured datasets. DAT was launched on Sep 29, 2021 and is managed by ProShares.