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

ProShares Pet Care ETF (BATS:PAWZ) was the target of 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. Currently, 2.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 6,390 shares, the days-to-cover ratio is currently 3.5 days.

Institutional Trading of ProShares Pet Care ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its position in 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 worth $1,989,000 after purchasing an additional 207 shares in the last quarter. Jane Street Group LLC increased its position in ProShares Pet Care ETF by 4.5% during the 2nd quarter. Jane Street Group LLC now owns 5,921 shares of the company’s stock worth $343,000 after purchasing an additional 253 shares in the last quarter. Hazlett Burt & Watson Inc. increased its position in ProShares Pet Care ETF by 31.8% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 1,243 shares of the company’s stock worth $67,000 after purchasing an additional 300 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in ProShares Pet Care ETF during the 2nd quarter worth about $155,000. Finally, SG Americas Securities LLC increased its position in ProShares Pet Care ETF by 21.9% during the 4th quarter. SG Americas Securities LLC now owns 30,548 shares of the company’s stock worth $1,670,000 after purchasing an additional 5,497 shares in the last quarter.

ProShares Pet Care ETF Stock Down 0.2%

BATS:PAWZ opened at $47.78 on Thursday. The company has a market capitalization of $51.60 million, a PE ratio of 23.65 and a beta of 1.16. ProShares Pet Care ETF has a 52-week low of $45.96 and a 52-week high of $58.99. The stock has a fifty day simple moving average of $49.86 and a 200-day simple moving average of $53.00.

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.