ProShares Pet Care ETF (BATS:PAWZ) Short Interest Update

ProShares Pet Care ETF (BATS:PAWZ) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 22,641 shares, an increase of 1,886.1% from the May 14th total of 1,140 shares. Based on an average daily trading volume, of 6,390 shares, the short-interest ratio is presently 3.5 days. Approximately 2.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Paller Financial Services Inc acquired a new position in ProShares Pet Care ETF during the fourth quarter worth approximately $2,022,000. Bank of America Corp DE lifted its stake in shares of ProShares Pet Care ETF by 697.3% in the 2nd quarter. Bank of America Corp DE now owns 28,353 shares of the company’s stock valued at $1,642,000 after acquiring an additional 24,797 shares during the last quarter. Flow Traders U.S. LLC bought a new position in shares of ProShares Pet Care ETF in the 3rd quarter valued at $603,000. Jane Street Group LLC bought a new position in shares of ProShares Pet Care ETF in the 4th quarter valued at $337,000. Finally, SG Americas Securities LLC lifted its stake in shares of ProShares Pet Care ETF by 21.9% in the 4th quarter. SG Americas Securities LLC now owns 30,548 shares of the company’s stock valued at $1,670,000 after acquiring an additional 5,497 shares during the last quarter.

ProShares Pet Care ETF Stock Up 1.7%

PAWZ stock traded up $0.80 during midday trading on Tuesday, reaching $47.87. 34,283 shares of the company’s stock traded hands, compared to its average volume of 4,626. The company has a market cap of $51.70 million, a price-to-earnings ratio of 23.65 and a beta of 1.16. The company has a 50-day simple moving average of $49.95 and a two-hundred day simple moving average of $53.07. ProShares Pet Care ETF has a 1-year low of $45.96 and a 1-year high of $59.55.

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.