ProShares Pet Care ETF (BATS:PAWZ – Get Free Report) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 1,451 shares, a decrease of 40.7% from the July 15th total of 2,445 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 2,074 shares, the days-to-cover ratio is currently 0.7 days.
Hedge Funds Weigh In On ProShares Pet Care ETF
Several hedge funds and other institutional investors have recently modified their holdings of PAWZ. Royal Bank of Canada increased its holdings in ProShares Pet Care ETF by 0.5% during the 1st quarter. Royal Bank of Canada now owns 38,065 shares of the company’s stock valued at $1,989,000 after purchasing an additional 207 shares during the period. Bank of America Corp DE increased its stake in shares of ProShares Pet Care ETF by 697.3% during the second quarter. Bank of America Corp DE now owns 28,353 shares of the company’s stock valued at $1,642,000 after buying an additional 24,797 shares during the period. Flow Traders U.S. LLC bought a new position in shares of ProShares Pet Care ETF during the third quarter valued at approximately $603,000. Jane Street Group LLC bought a new position in shares of ProShares Pet Care ETF during the fourth quarter valued at approximately $337,000. Finally, Raymond James Financial Inc. purchased a new stake in ProShares Pet Care ETF in the second quarter worth $155,000.
ProShares Pet Care ETF Price Performance
BATS:PAWZ opened at $52.06 on Wednesday. The business has a 50 day moving average of $49.38 and a 200 day moving average of $51.01. The company has a market capitalization of $56.22 million, a price-to-earnings ratio of 23.65 and a beta of 1.16. ProShares Pet Care ETF has a 1-year low of $45.96 and a 1-year high of $58.99.
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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