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

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

Hedge Funds Weigh In On ProShares Nanotechnology ETF

Institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC acquired a new position in shares of ProShares Nanotechnology ETF in the 1st quarter valued at approximately $50,000. Jane Street Group LLC raised its holdings 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 buying an additional 2,126 shares during the period. Flow Traders U.S. LLC lifted its stake in ProShares Nanotechnology ETF by 2.1% in the third quarter. Flow Traders U.S. LLC now owns 12,514 shares of the company’s stock valued at $636,000 after buying an additional 263 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in ProShares Nanotechnology ETF by 5.9% in the fourth quarter. SG Americas Securities LLC now owns 16,897 shares of the company’s stock valued at $899,000 after buying an additional 935 shares in the last quarter. Institutional investors own 34.48% of the company’s stock.

ProShares Nanotechnology ETF Stock Performance

TINY stock traded up $0.39 during midday trading on Friday, hitting $86.35. 63,904 shares of the company’s stock were exchanged, compared to its average volume of 7,197. The stock’s fifty day moving average price is $84.85 and its 200-day moving average price is $71.29. The company has a market cap of $47.49 million, a PE ratio of -162.92 and a beta of 1.56. ProShares Nanotechnology ETF has a one year low of $42.80 and a one year high of $97.12.

ProShares Nanotechnology ETF Company Profile

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.