ProShares Pet Care ETF (BATS:PAWZ) Trading 4.5% Higher – Still a Buy?

ProShares Pet Care ETF (BATS:PAWZ) shares were up 4.5% on Monday . The company traded as high as $54.6050 and last traded at $55.9650. 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 Up 4.5%

The firm has a market capitalization of $60.44 million, a price-to-earnings ratio of 23.65 and a beta of 1.16. The company’s fifty day moving average is $55.00 and its two-hundred day moving average is $55.77.

Hedge Funds Weigh In On ProShares Pet Care ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Atlantic Union Bankshares Corp acquired a new stake in ProShares Pet Care ETF during the 2nd quarter worth $26,000. Blair William & Co. IL bought a new stake in shares of ProShares Pet Care ETF in the second quarter worth about $29,000. Hazlett Burt & Watson Inc. raised its position in shares of ProShares Pet Care ETF by 221.8% during the third 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 period. Raymond James Financial Inc. bought a new position in shares of ProShares Pet Care ETF during the 2nd quarter valued at about $155,000. Finally, Miller Investment Management LP bought a new position in shares of 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.