ProShares Pet Care ETF (BATS:PAWZ – Get Free Report) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 1,451 shares, a decline of 40.7% from the July 15th total of 2,445 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 2,074 shares, the days-to-cover ratio is presently 0.7 days.
ProShares Pet Care ETF Stock Performance
ProShares Pet Care ETF stock opened at $52.01 on Monday. The firm has a market capitalization of $56.17 million, a price-to-earnings ratio of 23.65 and a beta of 1.16. ProShares Pet Care ETF has a fifty-two week low of $45.96 and a fifty-two week high of $58.99. The stock’s fifty day moving average is $49.21 and its two-hundred day moving average is $51.07.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in PAWZ. Bank of America Corp DE boosted its position in shares of ProShares Pet Care ETF by 697.3% in the 2nd quarter. Bank of America Corp DE now owns 28,353 shares of the company’s stock worth $1,642,000 after buying an additional 24,797 shares in the last quarter. Royal Bank of Canada grew its stake in ProShares Pet Care ETF by 0.5% in the 1st quarter. Royal Bank of Canada now owns 38,065 shares of the company’s stock valued at $1,989,000 after acquiring an additional 207 shares during the last quarter. Jane Street Group LLC purchased a new position in ProShares Pet Care ETF during the 4th quarter valued at about $337,000. Flow Traders U.S. LLC purchased a new position in ProShares Pet Care ETF during the 3rd quarter valued at about $603,000. Finally, Raymond James Financial Inc. purchased a new position in ProShares Pet Care ETF during the 2nd quarter valued at about $155,000.
About ProShares Pet Care ETF
The ProShares Pet Care ETF (PAWZ) is an exchange-traded fund that is based on the FactSet Pet Care index. The fund tracks a tier-weighted index of global equities related to pet ownership. PAWZ was launched on Nov 5, 2018 and is managed by ProShares.
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