Pacer WealthShield ETF (BATS:PWS) Sees Large Increase in Short Interest

Pacer WealthShield ETF (BATS:PWSGet Free Report) was the recipient of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 2,246 shares, an increase of 237.7% from the May 14th total of 665 shares. Based on an average daily volume of 9,153 shares, the short-interest ratio is presently 0.2 days. Approximately 0.3% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Royal Bank of Canada lifted its position in Pacer WealthShield ETF by 113.8% during the 1st quarter. Royal Bank of Canada now owns 44,940 shares of the company’s stock valued at $1,439,000 after acquiring an additional 23,921 shares during the period. Jane Street Group LLC purchased a new position in Pacer WealthShield ETF during the 1st quarter valued at about $414,000. Kestra Advisory Services LLC purchased a new position in Pacer WealthShield ETF during the 4th quarter valued at about $181,000. Finally, Ascentis Independent Advisors purchased a new position in Pacer WealthShield ETF during the 1st quarter valued at about $163,000.

Pacer WealthShield ETF Price Performance

Shares of BATS PWS opened at $31.67 on Thursday. Pacer WealthShield ETF has a 1 year low of $29.30 and a 1 year high of $33.71. The stock has a market cap of $26.92 million, a P/E ratio of 23.24 and a beta of 0.55. The firm has a 50-day moving average of $31.93 and a 200 day moving average of $32.52.

About Pacer WealthShield ETF

(Get Free Report)

The Pacer WealthShield ETF (PWS) is an exchange-traded fund that is based on the Pacer WealthShield index. The fund tracks an index that toggles between equity and Treasurys, or a combination of both, on a monthly basis depending on monthly moving averages. PWS was launched on Dec 11, 2017 and is managed by Pacer.

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