ProShares Big Data Refiners ETF (NYSEARCA:DAT) Sees Significant Decline in Short Interest

ProShares Big Data Refiners ETF (NYSEARCA:DAT) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 308 shares, a drop of 55.6% from the July 15th total of 693 shares. Based on an average daily volume of 3,104 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.3% of the shares of the company are short sold.

Hedge Funds Weigh In On ProShares Big Data Refiners ETF

Institutional investors have recently bought and sold shares of the business. Jane Street Group LLC boosted its holdings in shares of ProShares Big Data Refiners ETF by 17.2% in the 1st quarter. Jane Street Group LLC now owns 7,083 shares of the company’s stock valued at $279,000 after acquiring an additional 1,037 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of ProShares Big Data Refiners ETF during the third quarter worth $126,000. Finally, Flow Traders U.S. LLC acquired a new position in ProShares Big Data Refiners ETF during the third quarter valued at $685,000.

ProShares Big Data Refiners ETF Stock Down 1.0%

Shares of ProShares Big Data Refiners ETF stock traded down $0.52 on Friday, reaching $49.90. 601 shares of the stock were exchanged, compared to its average volume of 2,382. ProShares Big Data Refiners ETF has a twelve month low of $31.88 and a twelve month high of $50.42. The firm has a market capitalization of $5.99 million, a price-to-earnings ratio of 37.53 and a beta of 1.19. The business has a 50 day moving average price of $43.91 and a two-hundred day moving average price of $39.79.

ProShares Big Data Refiners ETF Company Profile

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.