ProShares Smart Materials ETF (NYSEARCA:TINT) Stock Price Up 0.8% – Time to Buy?

ProShares Smart Materials ETF (NYSEARCA:TINT)’s share price shot up 0.8% during trading on Wednesday . The company traded as high as $33.35 and last traded at $33.35. 38 shares were traded during trading, a decline of 89% from the average session volume of 356 shares. The stock had previously closed at $33.07.

ProShares Smart Materials ETF Trading Up 0.8%

The company has a market capitalization of $1.67 million, a PE ratio of 18.76 and a beta of 1.23. The business has a fifty day moving average of $32.81 and a 200 day moving average of $31.69.

Institutional Investors 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 13F filing with the SEC. The institutional investor owned 21,551 shares of the company’s stock after acquiring 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.

ProShares Smart Materials ETF Company Profile

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.