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

ProShares Smart Materials ETF (NYSEARCA:TINT) was the recipient of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 374 shares, a decrease of 77.8% from the April 15th total of 1,687 shares. Based on an average trading volume of 331 shares, the short-interest ratio is presently 1.1 days. Approximately 0.7% of the shares of the stock are short sold.

ProShares Smart Materials ETF Stock Up 2.2%

NYSEARCA:TINT traded up $0.89 during trading hours on Wednesday, reaching $41.91. The company had a trading volume of 1,285 shares, compared to its average volume of 615. The stock has a 50-day moving average of $37.51 and a two-hundred day moving average of $35.82. ProShares Smart Materials ETF has a one year low of $28.37 and a one year high of $41.95. The firm has a market capitalization of $2.10 million, a PE ratio of 18.76 and a beta of 1.22.

Hedge Funds Weigh In On ProShares Smart Materials ETF

A hedge fund recently raised its stake in ProShares Smart Materials ETF stock. Jane Street Group LLC lifted its holdings in shares of ProShares Smart Materials ETF (NYSEARCA:TINT) by 17.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 21,551 shares of the company’s stock after purchasing an additional 3,146 shares during the period. Jane Street Group LLC owned 43.10% of ProShares Smart Materials ETF worth $607,000 at the end of the most recent reporting period.

About ProShares Smart Materials ETF

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.