ProShares MSCI Transformational Changes ETF (NYSEARCA:ANEW) Shares Up 0.3% – Still a Buy?

ProShares MSCI Transformational Changes ETF (NYSEARCA:ANEW) shares shot up 0.3% on Monday . The stock traded as high as $46.33 and last traded at $46.33. 33 shares traded hands during trading, a decline of 90% from the average session volume of 336 shares. The stock had previously closed at $46.21.

ProShares MSCI Transformational Changes ETF Stock Down 0.5 %

The stock has a market cap of $9.16 million, a P/E ratio of 23.82 and a beta of 1.10. The firm’s 50-day moving average is $44.82 and its two-hundred day moving average is $43.00.

Hedge Funds Weigh In On ProShares MSCI Transformational Changes ETF

An institutional investor recently raised its position in ProShares MSCI Transformational Changes ETF stock. Essex Financial Services Inc. grew its position in ProShares MSCI Transformational Changes ETF (NYSEARCA:ANEW) by 3.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,465 shares of the company’s stock after purchasing an additional 243 shares during the quarter. Essex Financial Services Inc. owned approximately 3.73% of ProShares MSCI Transformational Changes ETF worth $316,000 as of its most recent SEC filing.

ProShares MSCI Transformational Changes ETF Company Profile

The ProShares MSCI Transformational Changes ETF (ANEW) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index of global stocks that benefit from transformational changes in peoples work, health care, consumption, and connection.