ProShares Pet Care ETF (BATS:PAWZ) Shares Up 1.6% – Still a Buy?

ProShares Pet Care ETF (BATS:PAWZ)’s share price were up 1.6% during trading on Thursday . The company traded as high as $54.6050 and last traded at $54.4030. Approximately 8,836 shares traded hands during 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 Stock Performance

The stock has a market capitalization of $58.76 million, a price-to-earnings ratio of 23.65 and a beta of 1.16. The company has a fifty day simple moving average of $54.82 and a two-hundred day simple moving average of $56.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PAWZ. Bank of America Corp DE lifted its position in 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 worth $1,642,000 after purchasing an additional 24,797 shares during the period. Flow Traders U.S. LLC raised its position in shares of ProShares Pet Care ETF by 103.9% in the 1st quarter. Flow Traders U.S. LLC now owns 22,610 shares of the company’s stock valued at $1,181,000 after buying an additional 11,521 shares in the last quarter. Miller Investment Management LP acquired a new position in shares of ProShares Pet Care ETF in the 2nd quarter valued at approximately $205,000. Raymond James Financial Inc. bought a new stake in shares of ProShares Pet Care ETF during the 2nd quarter worth approximately $155,000. Finally, Banque Transatlantique SA acquired a new stake in shares of ProShares Pet Care ETF during the 1st quarter worth approximately $77,000.

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.