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

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

ProShares Smart Materials ETF Trading Up 2.4%

The company has a market capitalization of $1.78 million, a price-to-earnings ratio of 18.76 and a beta of 1.23. The firm’s 50 day moving average price is $33.51 and its two-hundred day moving average price is $32.76.

Hedge Funds Weigh In On ProShares Smart Materials ETF

An institutional investor recently raised its position in ProShares Smart Materials ETF stock. Jane Street Group LLC increased its stake in shares of ProShares Smart Materials ETF (NYSEARCA:TINT) by 17.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 21,551 shares of the company’s stock after buying an additional 3,146 shares during the period. Jane Street Group LLC owned 43.10% of ProShares Smart Materials ETF worth $607,000 as of its most recent filing with the 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.