Proshares Nanotechnology Etf Profile
| TINY Etf | USD 45.85 0.71 1.57% |
Performance0 of 100
| Odds Of DistressOver 64
|
ProShares Nanotechnology is trading at 45.85 as of the 30th of November 2024; that is 1.57 percent increase since the beginning of the trading day. The etf's open price was 45.14. ProShares Nanotechnology has more than 64 % chance of experiencing financial distress in the next few years of operation. It also generated negative returns for investors over the last 90 days. Equity ratings for ProShares Nanotechnology ETF are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 1st of September 2024 and ending today, the 30th of November 2024. Click here to learn more.
The index consists of companies focused on making or applying nanotechnology innovations that allow for improved products, processes, or techniques through control or measurement of material at nanoscale. Proshares Nanotechnology is traded on NYSEARCA Exchange in the United States.. The company has 31.17 M outstanding shares of which 305.45 K shares are at this time shorted by private and institutional investors with about 0.0 trading days to cover. More on ProShares Nanotechnology ETF
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ProShares Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | NASDAQ Composite Total, Strategy ETFs, Theme ETFs, Technology, ProShares, Trading (View all Sectors) |
| Issuer | ProShares |
| Inception Date | 2021-10-26 |
| Benchmark | Solactive Nanotechnology Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 5.66 Million |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Theme |
| Market Concentration | Developed Markets |
| Region | Global |
| Administrator | J.P. Morgan Chase Bank, N.A. |
| Advisor | ProShare Advisors LLC |
| Custodian | J.P. Morgan Chase Bank, N.A. |
| Distributor | SEI Investments Distribution Co. |
| Portfolio Manager | Alexander Ilyasov, Scott Hanson |
| Transfer Agent | J.P. Morgan Chase Bank, N.A. |
| Fiscal Year End | 31-May |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 31.0 |
| Market Maker | SG Americas Securities, LLC |
| Total Expense | 0.58 |
| Management Fee | 0.58 |
| Country Name | USA |
| Returns Y T D | 9.86 |
| Name | ProShares Nanotechnology ETF |
| Currency Code | USD |
| Open Figi | BBG0136JNMG3 |
| In Threey Volatility | 31.2 |
| 1y Volatility | 22.09 |
| 200 Day M A | 48.7353 |
| 50 Day M A | 47.5101 |
| Code | TINY |
| Updated At | 30th of November 2024 |
| Currency Name | US Dollar |
| Type | ETF |
ProShares Nanotechnology ETF [TINY] is traded in USA and was established 2021-10-26. The fund is listed under Technology category and is part of ProShares family. The entity is thematically classified as Strategy ETFs. ProShares Nanotechnology at this time have 1.92 M in assets. , while the total return for the last 3 years was 2.2%.
ProShares Nanotechnology ETF currently holds about 17.92 M in cash with (6.53 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.43.
Check ProShares Nanotechnology Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on ProShares Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding ProShares Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as ProShares Nanotechnology ETF Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
ProShares Nanotechnology Currency Exposure
ProShares Nanotechnology ETF holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of ProShares Nanotechnology will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in ProShares Nanotechnology ETF.
Top ProShares Nanotechnology ETF Etf Constituents
| LASR | nLIGHT Inc | Stock | Information Technology | |
| INTC | Intel | Stock | Information Technology | |
| TSEM | Tower Semiconductor | Stock | Information Technology | |
| ACMR | Acm Research | Stock | Information Technology | |
| 121600 | Advanced Nano Products | Stock | Materials | |
| NVAX | Novavax | Stock | Health Care | |
| 418550 | JEIO LTD | Stock | KR Stock | |
| TSM | Taiwan Semiconductor Manufacturing | Stock | Information Technology |
ProShares Nanotechnology Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in ProShares Nanotechnology. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | (0.06) |
ProShares Nanotechnology Against Markets
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares Nanotechnology ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
The market value of ProShares Nanotechnology is measured differently than its book value, which is the value of ProShares that is recorded on the company's balance sheet. Investors also form their own opinion of ProShares Nanotechnology's value that differs from its market value or its book value, called intrinsic value, which is ProShares Nanotechnology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ProShares Nanotechnology's market value can be influenced by many factors that don't directly affect ProShares Nanotechnology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ProShares Nanotechnology's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Nanotechnology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Nanotechnology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.