ProShares Smart Materials ETF (NYSEARCA:TINT) Sees Large Decline in Short Interest

ProShares Smart Materials ETF (NYSEARCA:TINT) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 888 shares, a decrease of 68.6% from the August 15th total of 2,829 shares. Currently, 1.8% of the shares of the company are sold short. Based on an average trading volume of 838 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Trading of ProShares Smart Materials ETF

An institutional investor recently raised its stake in ProShares Smart Materials ETF stock. Jane Street Group LLC boosted its stake in shares of ProShares Smart Materials ETF (NYSEARCA:TINT) by 17.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,551 shares of the company’s stock after purchasing an additional 3,146 shares during the quarter. Jane Street Group LLC owned approximately 43.10% of ProShares Smart Materials ETF worth $607,000 at the end of the most recent reporting period.

ProShares Smart Materials ETF Trading Down 2.0%

NYSEARCA TINT traded down $0.76 during trading hours on Monday, reaching $38.21. The company’s stock had a trading volume of 90 shares, compared to its average volume of 617. The business has a 50-day simple moving average of $39.51 and a 200 day simple moving average of $39.16. ProShares Smart Materials ETF has a 52 week low of $30.96 and a 52 week high of $42.55. The stock has a market cap of $1.91 million, a PE ratio of 18.76 and a beta of 1.23.

About ProShares Smart Materials ETF

The ProShares Smart Materials ETF (TINT) is an exchange-traded fund that is based on the Solactive Smart Materials index. The fund tracks a market-cap weighted index of global companies that have significant exposure to smart materials, also known as intelligent or responsive materials. TINT was launched on Oct 26, 2021 and is managed by ProShares.