ProShares Smart Materials ETF (NYSEARCA:TINT) Stock Price Down 0.2% – Should You Sell?

ProShares Smart Materials ETF (NYSEARCA:TINT)’s stock price traded down 0.2% on Thursday . The company traded as low as $38.42 and last traded at $38.53. Approximately 163 shares were traded during trading, a decline of 74% from the average daily volume of 620 shares. The stock had previously closed at $38.62.

ProShares Smart Materials ETF Trading Down 0.1%

The stock’s 50-day moving average price is $40.06 and its 200-day moving average price is $38.38. The company has a market capitalization of $1.93 million, a P/E ratio of 18.76 and a beta of 1.23.

Hedge Funds Weigh In On ProShares Smart Materials ETF

A hedge fund recently raised its position 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 Company Profile

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.