Short Interest in Pacer Trendpilot US Large Cap ETF (BATS:PTLC) Declines By 69.1%

Pacer Trendpilot US Large Cap ETF (BATS:PTLC) saw a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 13,674 shares, a drop of 69.1% from the June 30th total of 44,295 shares. Based on an average daily volume of 103,755 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Hedge Funds Weigh In On Pacer Trendpilot US Large Cap ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Sfmg LLC increased its stake in Pacer Trendpilot US Large Cap ETF by 2.5% in the 4th quarter. Sfmg LLC now owns 2,412,945 shares of the company’s stock valued at $134,111,000 after buying an additional 59,409 shares during the period. Cetera Investment Advisers raised its position in Pacer Trendpilot US Large Cap ETF by 1.5% during the 4th quarter. Cetera Investment Advisers now owns 1,453,069 shares of the company’s stock worth $80,762,000 after buying an additional 20,899 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of Pacer Trendpilot US Large Cap ETF by 11.1% in the 4th quarter. Stifel Financial Corp now owns 465,838 shares of the company’s stock worth $25,891,000 after acquiring an additional 46,383 shares during the period. Merit Financial Group LLC lifted its stake in shares of Pacer Trendpilot US Large Cap ETF by 5,560.7% in the 4th quarter. Merit Financial Group LLC now owns 439,212 shares of the company’s stock worth $24,411,000 after acquiring an additional 431,453 shares during the period. Finally, MML Investors Services LLC boosted its holdings in shares of Pacer Trendpilot US Large Cap ETF by 12.9% in the fourth quarter. MML Investors Services LLC now owns 394,977 shares of the company’s stock valued at $21,953,000 after acquiring an additional 45,250 shares in the last quarter.

Pacer Trendpilot US Large Cap ETF Trading Up 0.1%

BATS:PTLC opened at $57.63 on Friday. The firm has a market cap of $3.77 billion, a P/E ratio of 25.78 and a beta of 0.60. The stock’s 50 day simple moving average is $58.06 and its 200-day simple moving average is $56.30. Pacer Trendpilot US Large Cap ETF has a 12-month low of $50.84 and a 12-month high of $59.15.

About Pacer Trendpilot US Large Cap ETF

The Pacer Trendpilot US Large Cap ETF (PTLC) is an exchange-traded fund that is based on the Pacer Trendpilot US Large Cap index. The fund tracks an index that allocates to a proprietary US large-cap index and\u002For 3-month US T-bills, according to momentum. PTLC was launched on Jun 11, 2015 and is managed by Pacer.