ProShares Pet Care ETF (BATS:PAWZ) Stock Price Down 1.3% – Time to Sell?

ProShares Pet Care ETF (BATS:PAWZ)’s share price dropped 1.3% on Thursday. The company traded as low as $46.96 and last traded at $46.96. Approximately 888 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 3,905 shares. The stock had previously closed at $47.60.

ProShares Pet Care ETF Stock Up 0.3%

The firm has a 50-day simple moving average of $50.72 and a 200-day simple moving average of $50.05. The stock has a market cap of $50.87 million, a PE ratio of 23.65 and a beta of 1.16.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ProShares Pet Care ETF stock. Hazlett Burt & Watson Inc. increased its position in ProShares Pet Care ETF (BATS:PAWZ) by 31.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,243 shares of the company’s stock after acquiring an additional 300 shares during the quarter. Hazlett Burt & Watson Inc. owned about 0.12% of ProShares Pet Care ETF worth $67,000 at the end of the most recent quarter.

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.