Pacer WealthShield ETF (BATS:PWS) Short Interest Up 594.4% in August

Pacer WealthShield ETF (BATS:PWS) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 493 shares, an increase of 594.4% from the August 15th total of 71 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 977 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PWS. IFP Advisors Inc purchased a new position in shares of Pacer WealthShield ETF during the second quarter worth about $27,000. Ameritas Advisory Services LLC acquired a new position in Pacer WealthShield ETF in the second quarter worth about $51,000. Integrated Wealth Concepts LLC bought a new stake in Pacer WealthShield ETF in the second quarter valued at about $55,000. Capital Analysts LLC bought a new stake in Pacer WealthShield ETF in the second quarter valued at about $151,000. Finally, Ascentis Independent Advisors acquired a new stake in Pacer WealthShield ETF during the first quarter valued at approximately $163,000.

Pacer WealthShield ETF Trading Up 0.6%

Shares of BATS PWS opened at $32.69 on Friday. Pacer WealthShield ETF has a 12-month low of $31.18 and a 12-month high of $33.83. The stock has a market cap of $27.79 million, a PE ratio of 23.24 and a beta of 0.55. The company has a 50-day moving average of $32.91 and a 200 day moving average of $32.40.

Pacer WealthShield ETF Company Profile

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.