ProShares Pet Care ETF (BATS:PAWZ) Shares Up 1.9% – Time to Buy?

ProShares Pet Care ETF (BATS:PAWZ) shares rose 1.9% on Thursday. The company traded as high as $51.12 and last traded at $50.93. Approximately 1,452 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 3,718 shares. The stock had previously closed at $49.98.

ProShares Pet Care ETF Stock Performance

The firm has a market capitalization of $55.00 million, a PE ratio of 23.65 and a beta of 1.16. The company’s 50-day moving average price is $50.04 and its 200-day moving average price is $49.66.

Hedge Funds Weigh In On ProShares Pet Care ETF

An institutional investor recently raised its stake in ProShares Pet Care ETF stock. Citadel Advisors LLC raised its holdings in ProShares Pet Care ETF (BATS:PAWZ) by 93.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,063 shares of the company’s stock after buying an additional 4,872 shares during the period. Citadel Advisors LLC owned about 0.93% of ProShares Pet Care ETF worth $482,000 as of its most recent SEC filing.

ProShares Pet Care ETF Company Profile

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.