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

ProShares Big Data Refiners ETF (NYSEARCA:DAT) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 1,245 shares, a drop of 45.6% from the April 15th total of 2,290 shares. Currently, 0.8% of the company’s shares are sold short. Based on an average daily volume of 1,055 shares, the short-interest ratio is presently 1.2 days.

ProShares Big Data Refiners ETF Stock Performance

NYSEARCA DAT traded up $0.73 during trading on Friday, hitting $39.81. The stock had a trading volume of 328 shares, compared to its average volume of 2,241. The stock has a market capitalization of $5.97 million, a price-to-earnings ratio of 37.53 and a beta of 1.12. ProShares Big Data Refiners ETF has a one year low of $31.88 and a one year high of $49.14. The stock has a 50 day simple moving average of $36.00 and a 200 day simple moving average of $40.55.

Institutional Trading of ProShares Big Data Refiners ETF

Institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC bought a new stake in ProShares Big Data Refiners ETF in the third quarter worth about $126,000. Jane Street Group LLC lifted its stake in 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 worth $279,000 after purchasing an additional 1,037 shares during the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in ProShares Big Data Refiners ETF in the third quarter worth about $685,000.

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.