ProShares Smart Materials ETF (NYSEARCA:TINT) Shares Down 0.2% – What’s Next?

ProShares Smart Materials ETF (NYSEARCA:TINT) shares dropped 0.2% during trading on Thursday . The stock traded as low as $38.42 and last traded at $38.53. Approximately 163 shares were traded during trading, a decline of 74% from the average session volume of 620 shares. The stock had previously closed at $38.62.

ProShares Smart Materials ETF Stock Performance

The firm’s 50-day moving average is $40.11 and its two-hundred day moving average is $38.38. The stock has a market cap of $1.93 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 lifted its position in shares of ProShares Smart Materials ETF (NYSEARCA:TINT) by 17.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,551 shares of the company’s stock after acquiring an additional 3,146 shares during the quarter. Jane Street Group LLC owned approximately 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.