Short Interest in Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) Grows By 394.0%

Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 113,417 shares, a growth of 394.0% from the April 30th total of 22,958 shares. Based on an average daily volume of 89,786 shares, the short-interest ratio is presently 1.3 days. Currently, 4.6% of the company’s stock are sold short.

Institutional Trading of Pacer Nasdaq International Patent Leaders ETF

A hedge fund recently bought a new stake in Pacer Nasdaq International Patent Leaders ETF stock. Sankala Group LLC purchased a new position in Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 7,463 shares of the company’s stock, valued at approximately $201,000. Sankala Group LLC owned about 0.57% of Pacer Nasdaq International Patent Leaders ETF at the end of the most recent quarter.

Pacer Nasdaq International Patent Leaders ETF Stock Performance

Shares of NASDAQ PATN traded up $0.17 during trading on Friday, reaching $37.02. The stock had a trading volume of 104,739 shares, compared to its average volume of 39,800. The stock has a market cap of $91.07 million, a PE ratio of 18.15 and a beta of 0.89. Pacer Nasdaq International Patent Leaders ETF has a one year low of $22.14 and a one year high of $37.16. The firm’s 50 day moving average price is $31.73 and its two-hundred day moving average price is $29.66.

About Pacer Nasdaq International Patent Leaders ETF

The Pacer Nasdaq International Patent Leaders ETF (PATN) is an exchange-traded fund that is based on the Nasdaq International Patent Leaders index. The fund seeks to track an index of the top 100 international large- and midcap growth companies, as measured by patent valuations. Holdings are weighted by market capitalization. PATN was launched on Sep 16, 2024 and is issued by Pacer.