ProShares Pet Care ETF (BATS:PAWZ) Short Interest Down 40.7% in July

ProShares Pet Care ETF (BATS:PAWZ) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 1,451 shares, a drop of 40.7% from the July 15th total of 2,445 shares. Based on an average trading volume of 2,074 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Trading of ProShares Pet Care ETF

Several hedge funds and other institutional investors have recently made changes to their positions in PAWZ. Bank of America Corp DE grew 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 buying an additional 24,797 shares during the period. Royal Bank of Canada lifted its position in shares of ProShares Pet Care ETF by 0.5% during the 1st quarter. Royal Bank of Canada now owns 38,065 shares of the company’s stock valued at $1,989,000 after acquiring an additional 207 shares during the period. Jane Street Group LLC acquired a new stake in shares of ProShares Pet Care ETF during the 4th quarter valued at approximately $337,000. Flow Traders U.S. LLC purchased a new stake in shares of ProShares Pet Care ETF during the 3rd quarter worth approximately $603,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of ProShares Pet Care ETF during the 2nd quarter worth approximately $155,000.

ProShares Pet Care ETF Stock Performance

Shares of BATS PAWZ opened at $52.01 on Monday. ProShares Pet Care ETF has a one year low of $45.96 and a one year high of $58.99. The firm has a market capitalization of $56.17 million, a P/E ratio of 23.65 and a beta of 1.16. The company’s fifty day moving average is $49.21 and its two-hundred day moving average is $51.07.

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.