ProShares Nanotechnology ETF (NYSEARCA:TINY) Short Interest Up 106.8% in July

ProShares Nanotechnology ETF (NYSEARCA:TINY) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 17,011 shares, an increase of 106.8% from the July 15th total of 8,226 shares. Based on an average trading volume of 8,277 shares, the days-to-cover ratio is currently 2.1 days. Approximately 7.7% of the shares of the stock are short sold.

ProShares Nanotechnology ETF Stock Performance

Shares of NYSEARCA TINY traded down $1.03 during trading on Friday, reaching $82.13. The company had a trading volume of 1,836 shares, compared to its average volume of 7,443. ProShares Nanotechnology ETF has a 52 week low of $43.05 and a 52 week high of $97.12. The business’s 50 day moving average price is $84.40 and its 200-day moving average price is $75.03. The stock has a market cap of $18.07 million, a PE ratio of -154.96 and a beta of 1.58.

Hedge Funds Weigh In On ProShares Nanotechnology ETF

Several large investors have recently made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in ProShares Nanotechnology ETF during the 1st quarter worth about $50,000. Jane Street Group LLC lifted its stake in shares of 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 purchasing an additional 2,126 shares during the period. Finally, Flow Traders U.S. LLC boosted its position in shares of ProShares Nanotechnology ETF by 2.1% in the 3rd quarter. Flow Traders U.S. LLC now owns 12,514 shares of the company’s stock worth $636,000 after purchasing an additional 263 shares during the last quarter. Institutional investors and hedge funds own 34.48% of the company’s stock.

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.