ProShares Smart Materials ETF (NYSEARCA:TINT) Short Interest Up 778.6% in May

ProShares Smart Materials ETF (NYSEARCA:TINT) saw a large growth in short interest in May. As of May 15th, there was short interest totaling 3,286 shares, a growth of 778.6% from the April 30th total of 374 shares. Currently, 6.6% of the shares of the company are sold short. Based on an average daily trading volume, of 1,551 shares, the days-to-cover ratio is presently 2.1 days.

Institutional Trading of 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 first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,551 shares of the company’s stock after buying 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 Trading Down 0.6%

Shares of TINT stock opened at $42.22 on Friday. The stock has a market capitalization of $2.11 million, a P/E ratio of 18.76 and a beta of 1.22. The firm’s 50 day moving average is $38.82 and its 200 day moving average is $36.46. ProShares Smart Materials ETF has a 12 month low of $28.92 and a 12 month high of $42.51.

About ProShares Smart Materials ETF

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.