La vendita allo scoperto per ProShares Big Data Refiners ETF dà agli investitori un'idea del grado in cui gli investitori stanno scommettendo sul declino delle azioni di ProShares Big Data Refiners ETF. I dati relativi alle vendite allo scoperto vengono aggiornati ogni due settimane.

ProShares Big Data Refiners ETF (ARCA:DAT), Report sulle vendite allo scoperto

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The Fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance of the Index. The Index is designed to measure the performance of companies that provide services related to analytics, software, hardware, and computing infrastructure for managing and extracting information from large structured and unstructured data sets. The Index includes companies in at least one of nine FactSet Revere Business Industry Classification System Sub-Industries (RBICS Sub-Industries) that the index provider has identified as big data related. The nine eligible RBICS Sub-Industries are (1) Business Intelligence Software, (2) Business Intelligence/Data Warehousing Consulting, (3) Customer Service Software, (4) Data Storage Infrastructure Software, (5) Enterprise Middleware Software, (6) Government and Public Service Industry Software, (7) Information Storage Systems, (8) Network Administration Software, and (9) Peripheral and Other Commerce Equipment Makers. Companies in these sub-industries are selected if they receive 75 percent or more of their revenue from one or more of those sub-industries. Selected companies are then weighted based on their market capitalization, subject to a 4.5 percent limit.

Microstrategy Inc-Cl A

Commvault Systems Inc

Zebra Technologies Corp Cl A

Nutanix Inc - A

Tyler Technologies Inc

Confluent Inc-Class A

Informatica, Inc., Class A

Palantir Technologies Inc-A

Nice Ltd - Spon ADR

Elastic Nv

Rubrik Inc-A

Dynatrace Inc

Snowflake, Inc., Class A

Interdigital Inc

Datadog Inc. Class A

Proshares Big Data Refiners ETF

As my firm, LCM Capital Managements, has been writing lately on Benzinga, there's no denying private credit and private investments are attracting a lot of attention as well as investor's money. A recent white paper from VanEck titled "<a href="https://www.vaneck.com/us/en/blogs/thematic-investing/private-market-access-without-the-hassle/?utm_source=veg-m&amp;utm_medium=email&amp;utm_campaign=US-ATL-2025-07-16-G1-G2-G3A-G3B-G5-Private-Market-Access-Without-the-Hassle&amp;cid=1260732/CS65XF&amp;sfveclid=003A000001AeMhsIAF&amp;mkt_tok=NDEwLVhPUi02NzMAAAGb9tjIa2Xi1Nelkd9FyLCvNlHIzHBOw8Yjswojp9ECxESu-q1keDpNUiNZ6RCP1qqw098neX3h6ImFkAGwy6utJCr6JfB1TGm3WJqjhJ72tKF9Ydc">The Democratization of Private Markets</a>" stated private markets have exploded in size—growing from $4 trillion to $15 trillion over the past decade. 
We believe however this is the next ticking time bomb and investors need to be very careful when entering these waters because there are plenty of sharks swimming. When this explodes, nobody knows, but it should be epic with a lot of finger-pointing in the aftermath per usual, think circa 2008 housing. You are already starting to see some cracks, although you have to look for them since my industry loves burying things, including their fees. 
The financial media is buzzing with praise and Wall Street is launching fund after fund because of investors "demand". Investors are not actually asking for this, Wall St is however, once again, creating this demand and then telling/selling investors this is what you have always been looking for. However, growth alone in the demand for a financial product shouldn't impress you. Ask yourself, is this truly investor-driven demand, or is Wall Street simply manufacturing more product because it's lucrative? Remember, Wall Street creates what it can sell, not necessarily what's best for you. Up until recently these products were only for institutional clients. The reason: they are complex, illiquid, non-transparent and risky. That doesn't exactly sound like what a retail investor is "demanding," not that it matters to my industry. In addition, these investments fall outside the traditional bank lending standards which should make you think, if the banks don't want to lend to them, why would I? 
The products being created today for individual investors and now potentially even your 401k promise all the benefits of private credit investments plus the liquidity, simplicity and transparency. Hopefully, you are asking the same questions we are, how is that possible? Seriously. If the very features that define private markets, illiquidity, complexity, long-term lockups are now being "solved" by packaging them into an ETF or a mutual fund, you have to wonder, what am I really investing into? 
Another supposed benefit of these new products is that they will offer attractive yields, some of which will float, meaning they will fluctuate with interest rates. Remember what was mentioned above, these borrowers you are lending to couldn't secure traditional financing, so the yields are higher for a reason—they reflect higher risk. Floating rates might protect you from inflation, but they can devastate already-strained borrowers, increasing default risk. You're not just buying income—you're underwriting someone else's stress test. 
Lastly, let us not forget about one of my firm's main sticklers with our industry and their products, it's the "F-word", fees. You are going to pay your broker most likely an annual fee to procure this product. You're also going to pay an annual fee for the product itself. Then you're going to pay a fee to gain access to the firms that invest in these products. The VanEck white paper mentions investing via a BDC (Business Development Company). What's that you ask? A quick Google search explains a BDC is a type of investment firm that provides capital, primarily debt and equity, to small and middle-market companies in the U.S. They were created by Congress in 1980 to stimulate lending and investment in businesses that may have difficulty securing capital from traditional sources. BDC fees are complex (there's that word again) but important for investors to understand. They include management fees, incentive fees (based on performance), and other expenses. Sounds to me like a lot of fees. So, for an investor to make money using higher fee products, the returns have to be higher, and for the returns to be higher that means more risk for you, the investor, who, don't forget, is demanding this product. Remember, the company selling you this has already made their money.
In summary, these products are being sold as bringing sophisticated tools to the masses but please don't confuse complexity for sophistication. Private markets may sound sexy, but the average investor has no visibility into how these assets are valued (I'm not quite sure the companies creating these do either), not to mention how they'll behave in a real downturn.
Private markets are booming, and Wall Street is more than happy to let you in to their exclusive party, but at a price. While these firms make compelling arguments about diversification and returns, it's critical to recognize the trade-offs: illiquidity, high fees, and valuation uncertainty. In last month's Benzinga <a href="https://www.benzinga.com/opinion/25/07/46205846/my-greatest-fear-has-quickly-become-reality">article we wrote</a> BlackRock believes these products could potentially increase (investors) returns by .5% annually and 15% more over 40 years.
Sounds to us that this is a party worth missing.
There is a better way.
Benzinga Disclaimer: This article is from an unpaid external contributor. It does not represent Benzinga&#8217;s reporting and has not been edited for content or accuracy.

Opinion

General

Private Markets Are Booming - But Who Really Is Partying?

<a href="https://trumpstruth.org/statuses/32275" title="https://trumpstruth.org/statuses/32275">https://trumpstruth.org/statuses/32275</a>

Macro Economic Events

News

Economics

President Trump Posts On Truth Social: 'THE AUGUST FIRST DEADLINE IS THE AUGUST FIRST DEADLINE — IT STANDS STRONG, AND WILL NOT BE EXTENDED. A BIG DAY FOR AMERICA!!!'

Rosenblatt analyst Chris Brendler maintains MARA Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) with a Buy and maintains $20 price target.

Price Target

Analyst Ratings

MARA

Rosenblatt Maintains Buy on MARA Holdings, Maintains $20 Price Target

On CNBC's &#8220;<a href="https://www.benzinga.com/topic/mad-money-lightning-round">Mad Money Lightning Round</a>,&#8221; Jim Cramer said no to Advance Auto Parts, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAP#NYSE">AAP</a>) and said yes to AutoZone, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>).
According to recent news, Advance Auto Parts announced on Monday the pricing of upsized $1.95 billion in aggregate senior notes due 2030 and 2033.
Cramer said he is going to take a pass on Toyota Motor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) because it just &#8220;went up so much.&#8221;
Toyota Motor North America, on July 1, reported June U.S. sales of 193,248 vehicles. That&#8217;s an increase of 0.1% on a volume basis and up 8.4% on a daily selling rate basis compared to the year-ago month.
The Mad Money host said he will be a buyer of UGI Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UGI#NYSE">UGI</a>), most certainly.
On the earnings front, UGI Corporation will hold a fiscal third quarter earnings conference call on Thursday, Aug. 7.
Cramer said he doesn't want Fortinet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>).
On Monday, Rosenblatt analyst Catharine Trebnick maintained Fortinet with a Buy and maintained a $125 price target, while Wells Fargo analyst Andrew Nowinski maintained the stock with an Equal-Weight rating and <a href="https://www.benzinga.com/quote/FTNT/analyst-ratings">raised the price target from $95 to $110.</a>
Price Action From Tuesday:
<ul class="wp-block-list">
<li>Fortinet shares fell 0.1% to settle at $104.77.</li>
<li>Advance Auto Parts shares fell 1.32% to close at $56.74.</li>
<li>AutoZone shares were up 2% to close at $3,873.85 </li>
<li>Toyota shares fell 1.6% to settle at $184.27.</li>
<li>UGI shares rose 0.2% to close at $35.72.</li>
</ul>
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/07/46684052/jim-cramer-prefers-this-financial-stock-over-brighthouse-financial">Jim Cramer Prefers This Financial Stock Over Brighthouse Financial</a></li>
</ul>
Image: Shutterstock

Long Ideas

Markets

Media

Trading Ideas

FTNT

Jim Cramer Says 'No' To This Auto Parts Provider, But 'Yes' To Another

VYNE

Trading Halt: Halted at 7:50:26 a.m. ET - Trading Halt: Halt News Pending

Gilad Yavetz, founder of Enlight, to serve as Executive chairman of the board
Adi Leviatan to be appointed CEO, bringing a proven track record of executive leadership from leading global companies; Yair Seroussi to serve as vice chairman
This step, grounded in strength, and promising continuity and expansion, marks the next milestone in Enlight's roadmap towards becoming a global leader in renewable energy

ENLT

Enlight Renewable Energy Appoints Adi Leviatan CEO; Founder Gilad Yavetz To Become Executive Chairman

Stifel analyst J. Bruce Chan maintains United Parcel Service (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) with a Buy and lowers the price target from $124 to $120.

Stifel Maintains Buy on United Parcel Service, Lowers Price Target to $120

Stifel analyst Steve Wieczynski maintains Red Rock Resorts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RRR#NASDAQ">RRR</a>) with a Hold and raises the price target from $44 to $60.

Stifel Maintains Hold on Red Rock Resorts, Raises Price Target to $60

Stifel analyst Ruben Roy maintains Qorvo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>) with a Hold and raises the price target from $75 to $88.

QRVO

Stifel Maintains Hold on Qorvo, Raises Price Target to $88

PMGC Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/elab#NASDAQ">ELAB</a>) (the "Company", "PMGC" or "we"), a diversified public holding company, today announced that it has terminated the previously announced non-binding letter of intent, dated June 9, 2025, to
PMGC Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELAB#NASDAQ">ELAB</a>) (the "Company", "PMGC" or "we"), a diversified public holding company, today announced that it has terminated the previously announced non-binding letter of intent, dated June 9, 2025, to acquire a profitable U.S.-based electronics manufacturing company.
Following a strategic review and direction from its Board of Directors, PMGC has elected to narrow its merger and acquisition (M&amp;A) focus toward CNC machine shops servicing the aerospace, defense, and industrial sectors. The Company believes this decision better aligns with its long-term growth strategy and capital allocation objectives, allowing it to build a highly specialized portfolio that benefits from sector-specific demand, scale efficiencies, and margin expansion.

Penny Stocks

ELAB

PMGC Holdings Announces That It Has Terminated The Previously Announced Non-Binding Letter Of Intent To Acquire A Profitable U.S.-Based Electronics Manufacturing Company

Stifel analyst Simon Yarmak maintains Pebblebrook Hotel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEB#NYSE">PEB</a>) with a Buy and raises the price target from $11.75 to $13.

Stifel Maintains Buy on Pebblebrook Hotel, Raises Price Target to $13

Stifel analyst Stephen Gengaro maintains NOV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOV#NYSE">NOV</a>) with a Buy and lowers the price target from $22 to $20.

Stifel Maintains Buy on NOV, Lowers Price Target to $20

<a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46107720/trump-family-backed-world-liberty-financial-plans-to-launch-a-new-app-that-will-make-it-easy-for-lay-investors-to-use-crypto">World Liberty Financial</a>, a decentralized finance platform associated with President Donald Trump, has invested $10 million in Falcon Finance to advance its USDf stablecoin, a synthetic dollar protocol aimed at enhancing onchain liquidity.
What Happened: The investment, announced today, will support Falcon's technical integrations, including shared liquidity provisioning, multi-chain compatibility, and smart contract modules for seamless conversions between USDf and World Liberty's USD1 stablecoin.
Falcon Finance, based in Dubai, recently surpassed a $1 billion circulating supply for USDf, reflecting strong market demand for its innovative digital dollar approach. 
The platform operates a synthetic dollar protocol with a dynamic, risk-adjusted overcollateralization model, accepting various collateral types. 
Andrei Grachev, Managing Partner at Falcon Finance, stated, "This investment validates our approach to creating more efficient on-chain dollar instruments for institutional users, and WLFI's distribution network will help accelerate adoption of our technology.&#8221;
World Liberty Financial's USD1, launched in March 2025, is a dollar-pegged stablecoin backed by U.S. treasuries, dollar deposits, and cash equivalents. 
The integration of USD1 as collateral on Falcon's platform strengthens the partnership, aiming to create a robust digital dollar infrastructure for retail and institutional users. 
Zak Folkman, co-founder of World Liberty Financial, emphasized, "This strategic partnership with Falcon Finance represents a significant step forward in our mission to build a comprehensive DeFi ecosystem."
Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46706233/strategy-closes-2-52b-strc-ipo-acquires-21021-bitcoin-at-117k-each">Strategy Closes $2.52B STRC IPO, Acquires 21,021 Bitcoin At $117K Each</a>
Why It Matters: World Liberty Financial has made significant investments in the cryptocurrency sector.
In April 2025, DWF Labs invested $25 million in World Liberty Financial, providing liquidity for USD1. 
In May 2025, Abu Dhabi-based MGX utilized USD1 for a $2 billion investment in crypto exchange Binance, highlighting the stablecoin's growing influence. 
Additionally, a United Arab Emirates-based fund, Aqua 1 Foundation, purchased $100 million worth of World Liberty's WLFI tokens in June 2025, marking it as the largest publicly known investor in the project.
Chinese billionaire Justin Sun also invested $75 million in WLFI tokens, further solidifying World Liberty's financial backing.
The company, closely tied to the Trump family, has drawn attention for its rapid growth and controversial connections. 
A Trump business entity owns 60% of World Liberty Financial, with Eric Trump and Donald Trump Jr. serving as Web3 ambassadors, and the family holding 22.5 billion WLFI units.
Despite its financial success, the firm has faced criticism from government ethics experts over potential conflicts of interest, particularly following the Binance deal and the Securities and Exchange Commission's decision to pause an investigation into Sun's companies in February 2025.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46699508/ethereum-treasuries-could-soon-own-10-of-all-eth-standard-chartered">Ethereum Treasuries Could Soon Own 10% Of All ETH: Standard Chartered</a></li>
</ul>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$10 Million For A Synthetic Dollar: What's Behind Trump-Backed World Liberty Financial's Stablecoin Plans?

Stifel analyst Matthew Smith maintains Mondelez International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>) with a Buy and raises the price target from $73 to $76.

MDLZ

Stifel Maintains Buy on Mondelez International, Raises Price Target to $76

Stifel analyst Simon Yarmak maintains Essex Property Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESS#NYSE">ESS</a>) with a Hold and raises the price target from $301.5 to $305.5.

Stifel Maintains Hold on Essex Property Trust, Raises Price Target to $305.5

Financial Outlook
The Company is providing updated guidance for 2025:
<ul>
<li>Global unit growth rate of 17% to 18%, previously 16% to 17%, and;</li>
<li>Interest expense, net of approximately $39 million, previously $40 million.</li>
</ul>
Additionally, the Company is reiterating the following guidance for 2025:
<ul>
<li>Approximately 1% domestic same store sales growth;</li>
<li>SG&amp;A of approximately $140 million, which includes system implementation costs of approximately $4.5 million;</li>
<li>Stock-based compensation expense of approximately $26 million, and;</li>
<li>Depreciation and amortization of between $28 and $29 million.</li>
</ul>

Earnings

Guidance

WING

Wingstop Raises 2025 Global Unit Growth Outlook To 17–18% From 16–17%; Reiterates ~1% Domestic Same Store Sales Growth Guidance

B. Riley Securities analyst Bryce Rowe upgrades Ares Capital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCC#NASDAQ">ARCC</a>) from Neutral to Buy and raises the price target from $22.5 to $23.5.

Upgrades

ARCC

B. Riley Securities Upgrades Ares Capital to Buy, Raises Price Target to $23.5

WIIM

Chemed shares are trading lower after the company reported worse-than-expected Q2 EPS and sales and lowered FY25 EPS guidance.

Rosenblatt analyst Kevin Cassidy maintains Seagate Tech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) with a Buy and raises the price target from $185 to $200.

Rosenblatt Maintains Buy on Seagate Tech Hldgs, Raises Price Target to $200

Seaport Global analyst Walt Liptak downgrades Chart Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTLS#NYSE">GTLS</a>) from Buy to Neutral.

Comments

ProShares Big Data Refiners ETF

Vendite allo scoperto

ProShares Big Data Refiners ETF (ARCA:DAT), Report sulle vendite allo scoperto

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