ProShares Pet Care ETF (BATS:PAWZ) Trading 4.5% Higher – Here’s Why

ProShares Pet Care ETF (BATS:PAWZ) shares were up 4.5% during mid-day trading on Monday . The stock traded as high as $54.6050 and last traded at $55.9650. Approximately 8,836 shares were traded during mid-day trading, an increase of 67% from the average daily volume of 5,301 shares. The stock had previously closed at $53.54.

ProShares Pet Care ETF Price Performance

The business has a 50 day simple moving average of $55.00 and a 200 day simple moving average of $55.77. The company has a market cap of $60.44 million, a price-to-earnings ratio of 23.65 and a beta of 1.16.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Atlantic Union Bankshares Corp bought a new stake in shares of ProShares Pet Care ETF during the second quarter worth $26,000. Blair William & Co. IL acquired a new stake in ProShares Pet Care ETF in the second quarter worth about $29,000. Hazlett Burt & Watson Inc. raised its holdings in ProShares Pet Care ETF by 221.8% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 943 shares of the company’s stock worth $52,000 after purchasing an additional 650 shares during the last quarter. Raymond James Financial Inc. acquired a new position in ProShares Pet Care ETF during the 2nd quarter valued at about $155,000. Finally, Miller Investment Management LP acquired a new position in ProShares Pet Care ETF during the 2nd quarter valued at about $205,000.

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.