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

ProShares Smart Materials ETF (NYSEARCA:TINT)’s stock price were down 0.2% during mid-day trading on Thursday . The stock traded as low as $38.42 and last traded at $38.53. Approximately 163 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 620 shares. The stock had previously closed at $38.62.

ProShares Smart Materials ETF Stock Performance

The company has a 50-day simple moving average of $40.11 and a 200 day simple moving average of $38.38. The company has a market capitalization of $1.93 million, a P/E ratio of 18.76 and a beta of 1.23.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ProShares Smart Materials ETF stock. Jane Street Group LLC raised its stake in shares of ProShares Smart Materials ETF (NYSEARCA:TINT) by 17.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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.

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.