ProShares Big Data Refiners ETF (NYSEARCA:DAT) Short Interest Up 263.0% in August

ProShares Big Data Refiners ETF (NYSEARCA:DAT) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 1,118 shares, a growth of 263.0% from the July 30th total of 308 shares. Based on an average daily volume of 3,132 shares, the short-interest ratio is currently 0.4 days. Approximately 0.9% of the company’s stock are sold short.

ProShares Big Data Refiners ETF Trading Up 0.6%

NYSEARCA:DAT traded up $0.29 during trading hours on Friday, reaching $51.82. 1,658 shares of the company traded hands, compared to its average volume of 2,386. ProShares Big Data Refiners ETF has a 1 year low of $31.88 and a 1 year high of $52.58. The business’s 50-day moving average price is $45.31 and its two-hundred day moving average price is $40.46. The stock has a market capitalization of $6.22 million, a P/E ratio of 37.53 and a beta of 1.19.

Institutional Investors Weigh In On ProShares Big Data Refiners ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC raised its stake 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 worth $279,000 after purchasing an additional 1,037 shares during the last quarter. Advisory Services Network LLC bought a new position in ProShares Big Data Refiners ETF in the 3rd quarter worth $126,000. Finally, Flow Traders U.S. LLC purchased a new position in shares of ProShares Big Data Refiners ETF during the 3rd quarter valued at about $685,000.

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.