ProShares MSCI Transformational Changes ETF (NYSEARCA:ANEW) Stock Pass Above Two Hundred Day Moving Average – Should You Sell?

ProShares MSCI Transformational Changes ETF (NYSEARCA:ANEW) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $43.34 and traded as high as $46.55. ProShares MSCI Transformational Changes ETF shares last traded at $46.55, with a volume of 520 shares trading hands.

ProShares MSCI Transformational Changes ETF Price Performance

The company has a market capitalization of $9.32 million, a price-to-earnings ratio of 23.82 and a beta of 1.10. The business’s 50 day simple moving average is $45.37 and its 200 day simple moving average is $43.38.

Institutional Investors Weigh In On ProShares MSCI Transformational Changes ETF

A hedge fund recently raised its stake in ProShares MSCI Transformational Changes ETF stock. Jane Street Group LLC raised its holdings in ProShares MSCI Transformational Changes ETF (NYSEARCA:ANEW) by 50.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,317 shares of the company’s stock after purchasing an additional 6,469 shares during the period. Jane Street Group LLC owned 9.66% of ProShares MSCI Transformational Changes ETF worth $877,000 at the end of the most recent reporting period.

About ProShares MSCI Transformational Changes ETF

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.