ProShares Big Data Refiners ETF (NYSEARCA:DAT) Sees Significant Decrease in Short Interest

ProShares Big Data Refiners ETF (NYSEARCA:DAT) saw a significant drop in short interest in February. As of February 27th, there was short interest totaling 3,548 shares, a drop of 33.8% from the February 12th total of 5,360 shares. Approximately 2.4% of the company’s shares are short sold. Based on an average daily volume of 1,378 shares, the days-to-cover ratio is presently 2.6 days. Based on an average daily volume of 1,378 shares, the days-to-cover ratio is presently 2.6 days. Approximately 2.4% of the company’s shares are short sold.

ProShares Big Data Refiners ETF Stock Down 0.7%

Shares of DAT traded down $0.26 during trading hours on Friday, reaching $35.86. The stock had a trading volume of 34 shares, compared to its average volume of 2,197. ProShares Big Data Refiners ETF has a 52 week low of $33.03 and a 52 week high of $49.14. The firm has a 50-day moving average of $39.49 and a 200 day moving average of $44.15. The company has a market cap of $5.38 million, a P/E ratio of 37.53 and a beta of 1.17.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DAT. Jane Street Group LLC raised its position in shares of ProShares Big Data Refiners ETF by 17.2% during the first quarter. Jane Street Group LLC now owns 7,083 shares of the company’s stock worth $279,000 after purchasing an additional 1,037 shares during the period. Advisory Services Network LLC acquired a new position in ProShares Big Data Refiners ETF during the 3rd quarter worth approximately $126,000. Finally, Flow Traders U.S. LLC bought a new position in ProShares Big Data Refiners ETF in the third quarter valued at $685,000.

ProShares Big Data Refiners ETF Company Profile

The ProShares Big Data Refiners ETF (DAT) is an exchange-traded fund that is based on the FactSet Big Data Refiners index, a market-cap-weighted index of global companies focusing on the management, storage, usage, and analysis of large structured and unstructured datasets. DAT was launched on Sep 29, 2021 and is managed by ProShares.