ProShares Nanotechnology ETF (NYSEARCA:TINY) Sees Significant Growth in Short Interest

ProShares Nanotechnology ETF (NYSEARCA:TINY) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 17,011 shares, a growth of 106.8% from the July 15th total of 8,226 shares. Based on an average daily trading volume, of 8,277 shares, the days-to-cover ratio is currently 2.1 days. Currently, 7.7% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TINY. International Assets Investment Management LLC bought a new stake in ProShares Nanotechnology ETF in the first quarter valued at approximately $50,000. Jane Street Group LLC raised its holdings in ProShares Nanotechnology ETF by 15.7% in the first quarter. Jane Street Group LLC now owns 15,685 shares of the company’s stock worth $592,000 after purchasing an additional 2,126 shares during the period. Finally, Flow Traders U.S. LLC boosted its position in shares of ProShares Nanotechnology ETF by 2.1% during the third quarter. Flow Traders U.S. LLC now owns 12,514 shares of the company’s stock worth $636,000 after purchasing an additional 263 shares in the last quarter. Institutional investors and hedge funds own 34.48% of the company’s stock.

ProShares Nanotechnology ETF Price Performance

Shares of ProShares Nanotechnology ETF stock traded down $1.03 during trading on Friday, hitting $82.13. 1,836 shares of the company were exchanged, compared to its average volume of 7,443. The firm has a market capitalization of $18.07 million, a P/E ratio of -154.96 and a beta of 1.58. ProShares Nanotechnology ETF has a 1-year low of $43.05 and a 1-year high of $97.12. The firm’s fifty day moving average price is $84.40 and its 200 day moving average price is $75.03.

About ProShares Nanotechnology ETF

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.