ProShares Smart Materials ETF (NYSEARCA:TINT) Trading Up 2.5% – What’s Next?

Shares of ProShares Smart Materials ETF (NYSEARCA:TINT) traded up 2.5% on Monday . The stock traded as high as $35.61 and last traded at $35.61. 468 shares changed hands during trading, a decline of 24% from the average session volume of 615 shares. The stock had previously closed at $34.73.

ProShares Smart Materials ETF Price Performance

The stock’s fifty day simple moving average is $36.84 and its two-hundred day simple moving average is $34.27. The company has a market capitalization of $1.78 million, a price-to-earnings ratio of 18.76 and a beta of 1.23.

Institutional Investors Weigh In On ProShares Smart Materials ETF

A hedge fund recently raised its stake in ProShares Smart Materials ETF stock. Jane Street Group LLC boosted its holdings in ProShares Smart Materials ETF (NYSEARCA:TINT) by 17.1% during the first quarter, according to its most recent Form 13F filing 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 period. Jane Street Group LLC owned about 43.10% of ProShares Smart Materials ETF worth $607,000 at the end of the most recent quarter.

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.