ProShares Smart Materials ETF (NYSEARCA:TINT) Trading Up 0.6% – Should You Buy?

ProShares Smart Materials ETF (NYSEARCA:TINT)’s share price were up 0.6% during trading on Friday . The company traded as high as $41.64 and last traded at $41.64. 13 shares were traded during trading, a decline of 98% from the average daily volume of 609 shares. The stock had previously closed at $41.38.

ProShares Smart Materials ETF Stock Up 0.6%

The company has a market cap of $2.08 million, a PE ratio of 18.76 and a beta of 1.23. The stock’s 50 day moving average is $39.71 and its 200-day moving average is $38.89.

Hedge Funds Weigh In On ProShares Smart Materials ETF

A hedge fund recently raised its position in ProShares Smart Materials ETF stock. Jane Street Group LLC lifted its position in ProShares Smart Materials ETF (NYSEARCA:TINT) by 17.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,551 shares of the company’s stock after purchasing an additional 3,146 shares during the period. Jane Street Group LLC owned 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.