ProShares Pet Care ETF (BATS:PAWZ) Shares Down 1.3% – Should You Sell?

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

ProShares Pet Care ETF Price Performance

The stock has a market cap of $50.72 million, a price-to-earnings ratio of 23.65 and a beta of 1.16. The company’s 50 day moving average is $50.77 and its 200 day moving average is $50.07.

Institutional Investors Weigh In On ProShares Pet Care ETF

A hedge fund recently raised its position in ProShares Pet Care ETF stock. Citadel Advisors LLC lifted its position in shares of ProShares Pet Care ETF (BATS:PAWZ) by 93.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,063 shares of the company’s stock after acquiring an additional 4,872 shares during the quarter. Citadel Advisors LLC owned 0.93% of ProShares Pet Care ETF worth $482,000 at the end of the most recent quarter.

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.