ProShares Big Data Refiners ETF (NYSEARCA:DAT – Get Free Report) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 308 shares, a decline of 55.6% from the July 15th total of 693 shares. Based on an average trading volume of 3,104 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.3% of the shares of the company are sold short.
Hedge Funds Weigh In On ProShares Big Data Refiners ETF
Several institutional investors have recently made changes to their positions in the stock. Flow Traders U.S. LLC acquired a new position in ProShares Big Data Refiners ETF during the 3rd quarter valued at about $685,000. Advisory Services Network LLC acquired a new stake in shares of ProShares Big Data Refiners ETF in the third quarter valued at approximately $126,000. Finally, Jane Street Group LLC increased its stake in shares of ProShares Big Data Refiners ETF by 17.2% in the first quarter. Jane Street Group LLC now owns 7,083 shares of the company’s stock valued at $279,000 after purchasing an additional 1,037 shares during the period.
ProShares Big Data Refiners ETF Stock Down 1.6%
DAT stock traded down $0.80 during trading on Monday, hitting $49.10. 1,286 shares of the company’s stock traded hands, compared to its average volume of 2,375. The stock has a fifty day moving average price of $43.91 and a two-hundred day moving average price of $39.76. ProShares Big Data Refiners ETF has a 52 week low of $31.88 and a 52 week high of $50.42. The stock has a market capitalization of $5.89 million, a price-to-earnings ratio of 37.53 and a beta of 1.19.
About ProShares Big Data Refiners ETF
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.
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