ProShares Smart Materials ETF (NYSEARCA:TINT) Short Interest Update

ProShares Smart Materials ETF (NYSEARCA:TINT) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 3,286 shares, an increase of 778.6% from the April 30th total of 374 shares. Approximately 6.6% of the company’s shares are short sold. Based on an average daily volume of 1,551 shares, the days-to-cover ratio is currently 2.1 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ProShares Smart Materials ETF stock. Jane Street Group LLC boosted its position in shares of ProShares Smart Materials ETF (NYSEARCA:TINT) by 17.1% in the first quarter, according to the company in its most recent disclosure with the 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 43.10% of ProShares Smart Materials ETF worth $607,000 as of its most recent SEC filing.

ProShares Smart Materials ETF Stock Performance

Shares of NYSEARCA TINT opened at $42.06 on Thursday. The stock has a market cap of $2.10 million, a P/E ratio of 18.76 and a beta of 1.22. The firm has a 50 day moving average price of $38.53 and a 200 day moving average price of $36.34. ProShares Smart Materials ETF has a 52-week low of $28.89 and a 52-week high of $42.51.

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.