ProShares Big Data Refiners ETF (NYSEARCA:DAT – Get Free Report) was the target of a large increase in short interest in May. As of May 15th, there was short interest totaling 3,604 shares, an increase of 189.5% from the April 30th total of 1,245 shares. Based on an average daily trading volume, of 2,004 shares, the days-to-cover ratio is currently 1.8 days. Currently, 2.4% of the shares of the stock are short sold.
ProShares Big Data Refiners ETF Stock Performance
DAT traded up $2.57 during trading on Friday, reaching $44.45. 714 shares of the company traded hands, compared to its average volume of 2,096. ProShares Big Data Refiners ETF has a 12-month low of $31.88 and a 12-month high of $49.14. The firm has a fifty day simple moving average of $36.90 and a 200 day simple moving average of $40.16. The company has a market cap of $6.67 million, a P/E ratio of 37.53 and a beta of 1.12.
Institutional Investors Weigh In On ProShares Big Data Refiners ETF
Institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC grew its holdings in shares of ProShares Big Data Refiners ETF by 17.2% in the first quarter. Jane Street Group LLC now owns 7,083 shares of the company’s stock valued at $279,000 after purchasing an additional 1,037 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of ProShares Big Data Refiners ETF in the third quarter valued at $126,000. Finally, Flow Traders U.S. LLC purchased a new position in shares of ProShares Big Data Refiners ETF in the third quarter valued at $685,000.
About ProShares Big Data Refiners ETF
The ProShares Big Data Refiners ETF (DAT) is an exchange-traded fund that is based on the FactSet Big Data Refiners index, a market-cap-weighted index of global companies focusing on the management, storage, usage, and analysis of large structured and unstructured datasets. DAT was launched on Sep 29, 2021 and is managed by ProShares.
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