Short Interest in ProShares Nanotechnology ETF (NYSEARCA:TINY) Declines By 68.9%

ProShares Nanotechnology ETF (NYSEARCA:TINY) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 9,429 shares, a drop of 68.9% from the June 15th total of 30,298 shares. Approximately 2.4% of the shares of the company are short sold. Based on an average trading volume of 29,179 shares, the short-interest ratio is currently 0.3 days.

ProShares Nanotechnology ETF Trading Down 2.3%

NYSEARCA:TINY traded down $2.01 during trading hours on Monday, hitting $84.34. 10,902 shares of the company traded hands, compared to its average volume of 7,220. The stock has a market capitalization of $46.39 million, a price-to-earnings ratio of -159.13 and a beta of 1.56. ProShares Nanotechnology ETF has a twelve month low of $42.80 and a twelve month high of $97.12. The firm has a 50-day moving average of $84.85 and a 200 day moving average of $71.29.

Institutional Investors Weigh In On ProShares Nanotechnology ETF

Several hedge funds have recently made changes to their positions in TINY. International Assets Investment Management LLC acquired a new stake in ProShares Nanotechnology ETF during the first quarter worth about $50,000. SG Americas Securities LLC raised its holdings in ProShares Nanotechnology ETF by 5.9% in the 4th quarter. SG Americas Securities LLC now owns 16,897 shares of the company’s stock valued at $899,000 after acquiring an additional 935 shares in the last quarter. Flow Traders U.S. LLC lifted its position in shares of ProShares Nanotechnology ETF by 2.1% in the 3rd quarter. Flow Traders U.S. LLC now owns 12,514 shares of the company’s stock worth $636,000 after acquiring an additional 263 shares during the period. Finally, Jane Street Group LLC lifted its position in shares of ProShares Nanotechnology ETF by 15.7% in the 1st quarter. Jane Street Group LLC now owns 15,685 shares of the company’s stock worth $592,000 after acquiring an additional 2,126 shares during the period. Institutional investors own 34.48% of the company’s stock.

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.