Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Short Interest Up 190.7% in May

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 4,593 shares, a growth of 190.7% from the April 30th total of 1,580 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 39,623 shares, the short-interest ratio is currently 0.1 days.

Pacer Trendpilot 100 ETF Stock Performance

Shares of NASDAQ PTNQ traded up $0.35 during trading hours on Friday, hitting $89.02. 36,773 shares of the stock were exchanged, compared to its average volume of 37,814. The company has a market cap of $1.38 billion, a PE ratio of 33.04 and a beta of 0.63. The company’s fifty day simple moving average is $79.77 and its two-hundred day simple moving average is $79.13. Pacer Trendpilot 100 ETF has a 1-year low of $66.15 and a 1-year high of $89.28.

Institutional Trading of Pacer Trendpilot 100 ETF

Several large investors have recently made changes to their positions in PTNQ. Motiv8 Investments LLC acquired a new stake in shares of Pacer Trendpilot 100 ETF during the 4th quarter worth approximately $35,000. Farther Finance Advisors LLC acquired a new stake in shares of Pacer Trendpilot 100 ETF during the 4th quarter worth approximately $40,000. Arax Advisory Partners acquired a new stake in shares of Pacer Trendpilot 100 ETF during the 4th quarter worth approximately $40,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Pacer Trendpilot 100 ETF during the 4th quarter worth approximately $55,000. Finally, Realta Investment Advisors acquired a new stake in shares of Pacer Trendpilot 100 ETF during the 1st quarter worth approximately $55,000.

About Pacer Trendpilot 100 ETF

The Pacer Trendpilot 100 ETF (PTNQ) is an exchange-traded fund that is based on the Pacer NASDAQ-100 Trendpilot index. The fund tracks an index that holds the NASDAQ-100 securities and/or 3-month US T-bills according to momentum. PTNQ was launched on Jun 11, 2015 and is managed by Pacer.