The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

Shelters, nonprofit rescues, private breeders, and pet stores reported more demand for pets than ever before in 2020. One nonprofit shelter reported that adoptions doubled in late June, with 10 or 13 adoptions per day. What does this mean for investors?

Ultimately, this translates to increased spending on pets. PAWZ, the ProShares Pet Care ETF (BATS:PAWZ), is the first ETF that allows investors to capitalize on people’s passion for their pets.

See also: Spot Pet Insurance Review

Households Have More Pets, Fewer Kids

Roughly 67% of U.S. households have pets, up from 56% in 1988, according to the American Pet Products Association (APPA) National Pet Owners Survey and Bureau of Labor Statistics. A total of 84.9 million households has pets and just 33 million households have children, according to the APPA.

Working From Home Means More Pet Spending

More than 68% of pet owners have spent more time with their pets than people during the pandemic, according to a Gallant survey. The survey also shared that 83% of people with pets said they would continue to work from home after the pandemic.

More time spent with pets equals more focus on pet’s needs. In 2020 Americans spent an estimated $38.4 billion on pet food and treats, $19.8 billion on supplies, live animals and over-the-counter medicine; $30.2 billion on vet care, and $10.7 billion on other services, according to the APPA.

How You Can Make Money on Pet Spending?

With the PAWZ ETF you instantly gain exposure to public companies in the global pet care industry that follow emerging trends that affect how we care for our pets. Here’s what PAWZ delivers:

What’s in the ProShares PAWZ Lineup?

PAWZ follows the FactSet Pet Care Index, made up of U.S. and international companies whose principal revenue comes from one of eight FactSet Revere Business Industry Classification Systems (RBICS). These companies generate at least $1 billion in annual revenue from an RBICS sub-industry FactSet identifies them as pet care-related businesses.

IDEXX Laboratories Inc.

Topping the holdings for PAWZ’s pet health category is IDEXX Laboratories Inc. (NASDAQ:IDXX), an industry leader in veterinary diagnostics research and development. The company develops and sells diagnostic tests, products and services to veterinary practices, including state-of-the-art tests and laboratory systems.

Chewy Inc.

Freshpet Inc.

Celebrate Pet Friendliness with ProShares

Pet spending won’t slow down in 2021. Collectively pet owners are poised to spend billions on premium-quality foods, state-of-the-art health care, insurance policies, luxury services, and more this year.

You can tap into PAWZ’s ability to put itself front and center of the pet ETF revolution. With $42 billion in assets, ProShares continues to innovate with offerings that align with everyone’s love for their pets.