Short Interest in ProShares Big Data Refiners ETF (NYSEARCA:DAT) Decreases By 34.7%

ProShares Big Data Refiners ETF (NYSEARCA:DAT) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 2,052 shares, a decline of 34.7% from the May 31st total of 3,141 shares. Currently, 1.4% of the company’s shares are sold short. Based on an average daily volume of 3,307 shares, the short-interest ratio is currently 0.6 days.

ProShares Big Data Refiners ETF Price Performance

DAT opened at $43.88 on Friday. ProShares Big Data Refiners ETF has a twelve month low of $31.88 and a twelve month high of $49.14. The company has a fifty day moving average of $40.62 and a 200-day moving average of $39.65. The stock has a market cap of $5.27 million, a PE ratio of 37.53 and a beta of 1.19.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Advisory Services Network LLC bought a new position in shares of ProShares Big Data Refiners ETF during the 3rd quarter worth about $126,000. Jane Street Group LLC raised its stake in ProShares Big Data Refiners ETF by 17.2% during the 1st quarter. Jane Street Group LLC now owns 7,083 shares of the company’s stock worth $279,000 after buying an additional 1,037 shares during the period. Finally, Flow Traders U.S. LLC acquired a new position in ProShares Big Data Refiners ETF during the 3rd quarter worth approximately $685,000.

About ProShares Big Data Refiners ETF

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.