ProShares Smart Materials ETF (NYSEARCA:TINT) Trading Up 1% – What’s Next?

ProShares Smart Materials ETF (NYSEARCA:TINT) shares were up 1% during mid-day trading on Monday . The stock traded as high as $31.25 and last traded at $31.25. Approximately 30 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 94 shares. The stock had previously closed at $30.95.

ProShares Smart Materials ETF Stock Up 1.0%

The firm’s 50-day moving average is $29.93 and its two-hundred day moving average is $29.26. The stock has a market cap of $1.56 million, a P/E ratio of 18.76 and a beta of 1.34.

Hedge Funds Weigh In On ProShares Smart Materials ETF

A hedge fund recently raised its stake in ProShares Smart Materials ETF stock. Jane Street Group LLC raised its holdings in ProShares Smart Materials ETF (NYSEARCA:TINT) by 17.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,551 shares of the company’s stock after purchasing an additional 3,146 shares during the quarter. Jane Street Group LLC owned 43.10% of ProShares Smart Materials ETF worth $607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.