ProShares Nanotechnology ETF (NYSEARCA:TINY) Short Interest Down 45.9% in August

ProShares Nanotechnology ETF (NYSEARCA:TINY) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 10,909 shares, a decrease of 45.9% from the August 15th total of 20,182 shares. Approximately 5.0% of the shares of the stock are short sold. Based on an average trading volume of 4,698 shares, the short-interest ratio is presently 2.3 days.

ProShares Nanotechnology ETF Price Performance

Shares of NYSEARCA:TINY traded up $0.72 during trading on Wednesday, hitting $71.51. 1,387 shares of the company’s stock were exchanged, compared to its average volume of 6,871. ProShares Nanotechnology ETF has a 52-week low of $46.75 and a 52-week high of $97.12. The business’s 50-day simple moving average is $78.61 and its 200 day simple moving average is $76.80. The company has a market cap of $71.44 million, a price-to-earnings ratio of -134.92 and a beta of 1.57.

Institutional Investors Weigh In On ProShares Nanotechnology ETF

An institutional investor recently bought a new position in ProShares Nanotechnology ETF stock. International Assets Investment Management LLC bought a new position in ProShares Nanotechnology ETF (NYSEARCA:TINY) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 800 shares of the company’s stock, valued at approximately $50,000. International Assets Investment Management LLC owned approximately 0.80% of ProShares Nanotechnology ETF as of its most recent filing with the Securities & Exchange Commission. 34.48% of the stock is owned by institutional investors and hedge funds.

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.