ProShares Smart Materials ETF (NYSEARCA:TINT) Trading 2.4% Higher – What’s Next?

ProShares Smart Materials ETF (NYSEARCA:TINT) traded up 2.4% on Wednesday . The company traded as high as $35.69 and last traded at $35.69. 12 shares were traded during trading, a decline of 95% from the average session volume of 255 shares. The stock had previously closed at $34.85.

ProShares Smart Materials ETF Stock Up 2.4%

The stock’s 50-day simple moving average is $33.51 and its 200 day simple moving average is $32.76. The firm has a market cap of $1.78 million, a P/E ratio of 18.76 and a beta of 1.23.

Institutional Investors Weigh In On ProShares Smart Materials ETF

An institutional investor recently raised its position in ProShares Smart Materials ETF stock. Jane Street Group LLC boosted its holdings in ProShares Smart Materials ETF (NYSEARCA:TINT) by 17.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,551 shares of the company’s stock after purchasing an additional 3,146 shares during the quarter. Jane Street Group LLC owned about 43.10% of ProShares Smart Materials ETF worth $607,000 at the end of the most recent quarter.

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.