Pacer Trendpilot 100 ETF (NASDAQ:PTNQ – Get Free Report) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 9,233 shares, an increase of 644.6% from the July 30th total of 1,240 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 43,977 shares, the days-to-cover ratio is currently 0.2 days.
Pacer Trendpilot 100 ETF Trading Up 0.6%
Shares of NASDAQ:PTNQ opened at $85.72 on Wednesday. Pacer Trendpilot 100 ETF has a 1-year low of $71.56 and a 1-year high of $90.15. The stock has a market capitalization of $1.23 billion, a P/E ratio of 33.04 and a beta of 0.66. The business has a 50-day moving average price of $85.93 and a two-hundred day moving average price of $82.09.
Institutional Investors Weigh In On Pacer Trendpilot 100 ETF
A number of institutional investors and hedge funds have recently modified their holdings of the business. Baird Financial Group Inc. bought a new position in Pacer Trendpilot 100 ETF in the first quarter valued at approximately $244,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Pacer Trendpilot 100 ETF during the 2nd quarter worth $58,000. NewEdge Advisors LLC raised its position in shares of Pacer Trendpilot 100 ETF by 76.8% during the 2nd quarter. NewEdge Advisors LLC now owns 149,890 shares of the company’s stock valued at $10,698,000 after acquiring an additional 65,118 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Pacer Trendpilot 100 ETF during the 2nd quarter valued at $672,000. Finally, Camarda Financial Advisors LLC lifted its stake in shares of Pacer Trendpilot 100 ETF by 14.6% in the 2nd quarter. Camarda Financial Advisors LLC now owns 7,701 shares of the company’s stock valued at $550,000 after purchasing an additional 980 shares during the period.
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.
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