ProShares Nanotechnology ETF (NYSEARCA:TINY) Sees Large Decrease in Short Interest

ProShares Nanotechnology ETF (NYSEARCA:TINY) saw a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 9,429 shares, a decline of 68.9% from the June 15th total of 30,298 shares. Approximately 2.4% of the company’s shares are short sold. Based on an average trading volume of 29,179 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC bought a new position in ProShares Nanotechnology ETF during the first quarter worth about $50,000. SG Americas Securities LLC raised its position in shares of ProShares Nanotechnology ETF by 5.9% in the 4th quarter. SG Americas Securities LLC now owns 16,897 shares of the company’s stock valued at $899,000 after acquiring an additional 935 shares during the period. Flow Traders U.S. LLC raised 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 valued at $636,000 after acquiring an additional 263 shares during the period. Finally, Jane Street Group LLC boosted its stake in ProShares Nanotechnology ETF by 15.7% during the 1st quarter. Jane Street Group LLC now owns 15,685 shares of the company’s stock worth $592,000 after acquiring an additional 2,126 shares during the last quarter. Institutional investors own 34.48% of the company’s stock.

ProShares Nanotechnology ETF Trading Up 0.5%

ProShares Nanotechnology ETF stock traded up $0.39 during mid-day trading on Friday, hitting $86.35. The stock had a trading volume of 63,904 shares, compared to its average volume of 7,197. The stock has a 50-day simple moving average of $84.85 and a two-hundred day simple moving average of $71.29. The stock has a market capitalization of $47.49 million, a PE ratio of -162.92 and a beta of 1.56. ProShares Nanotechnology ETF has a 12 month low of $42.80 and a 12 month high of $97.12.

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.