ProShares - Big Data Refiners ETF
DAT
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 7501 Wisconsin Avenue, Suite 1000E Bethesda MD United States of America 20814
- IPO Date
- Sep 30, 2021
- Website
- proshares.com
- Similar Companies
- Business
- ProShares Big Data Refiners ETF (DAT) is an exchange-traded fund that seeks investment results which correspond, before fees and expenses, to the performance of the FactSet Big Data Refined Providers Index. The fund provides exposure to companies engaged in big data analytics and refinement activities, including data collection, processing, storage, and analysis services; cloud-based data platforms; artificial intelligence and machine learning tools for data insights; and related software solutions for enterprise data management. It invests at least 80% of its total assets in securities comprising the underlying index, which targets U.S.-listed companies deriving significant revenue from big data operations, with holdings spanning technology, telecommunications, and software sectors. The ETF's portfolio emphasizes firms providing big data infrastructure such as data warehousing, ETL (extract, transform, load) processes, real-time analytics platforms, and predictive modeling services; it includes major constituents like Palantir Technologies, Snowflake, and MongoDB, alongside data center operators and semiconductor providers supporting AI-driven data processing. Geographically, DAT focuses primarily on U.S.-domiciled companies with global operations, serving enterprise customers across industries including finance, healthcare, retail, and manufacturing. Launched in 2021 by ProShare Advisors LLC, the fund is headquartered in Bethesda, Maryland, as part of the broader ProShares family of over 150 ETFs managed by the firm. In recent developments, ProShares expanded its thematic ETF lineup in 2024 with enhancements to data-focused funds amid surging AI demand, including increased allocations to refined big data providers following the index's rebalancing to incorporate generative AI enablers; the firm also announced strategic partnerships with index providers like FactSet to refine exposure criteria for emerging data refinery technologies. No major acquisitions or name changes have occurred for DAT specifically within the last two years, though ProShares as a whole reported robust inflows into tech-themed ETFs, reflecting investor shifts toward big data amid macroeconomic expansions in cloud computing. The fund continues to position investors for growth in the $100 billion-plus big data market, projected to expand rapidly through 2030.