Short Interest in ProShares Pet Care ETF (BATS:PAWZ) Rises By 1,886.1%

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PAWZ. Hazlett Burt & Watson Inc. grew its stake in shares of ProShares Pet Care ETF by 31.8% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 1,243 shares of the company’s stock valued at $67,000 after buying an additional 300 shares during the period. Raymond James Financial Inc. bought a new stake in ProShares Pet Care ETF during the 2nd quarter valued at $155,000. Jane Street Group LLC raised its holdings in ProShares Pet Care ETF by 18.0% during the 1st quarter. Jane Street Group LLC now owns 5,668 shares of the company’s stock valued at $296,000 after acquiring an additional 863 shares during the period. Flow Traders U.S. LLC bought a new position in shares of ProShares Pet Care ETF in the third quarter worth $603,000. Finally, Bank of America Corp DE increased its holdings in shares of ProShares Pet Care ETF by 697.3% in the second quarter. Bank of America Corp DE now owns 28,353 shares of the company’s stock worth $1,642,000 after purchasing an additional 24,797 shares during the period.

ProShares Pet Care ETF Trading Up 1.7%

BATS:PAWZ traded up $0.80 during trading hours on Tuesday, hitting $47.87. 34,283 shares of the company were exchanged, compared to its average volume of 4,626. The stock has a market capitalization of $51.70 million, a price-to-earnings ratio of 23.65 and a beta of 1.16. ProShares Pet Care ETF has a one year low of $45.96 and a one year high of $59.55. The company has a fifty day simple moving average of $49.95 and a 200 day simple moving average of $53.07.

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.