Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) Sees Large Decline in Short Interest

Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) was the target of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 4,724 shares, a decrease of 96.8% from the August 31st total of 149,065 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 100,448 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Pacer Nasdaq International Patent Leaders ETF stock. Mascagni Wealth Management Inc. acquired a new position in shares of Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,871 shares of the company’s stock, valued at approximately $621,000. Mascagni Wealth Management Inc. owned 0.89% of Pacer Nasdaq International Patent Leaders ETF as of its most recent SEC filing.

Pacer Nasdaq International Patent Leaders ETF Price Performance

Pacer Nasdaq International Patent Leaders ETF stock traded down $0.15 during mid-day trading on Thursday, reaching $35.84. 154,702 shares of the company were exchanged, compared to its average volume of 76,578. The company has a fifty day simple moving average of $35.34 and a 200-day simple moving average of $34.05. Pacer Nasdaq International Patent Leaders ETF has a 12 month low of $25.44 and a 12 month high of $38.85. The firm has a market cap of $318.26 million, a PE ratio of 18.15 and a beta of 1.03.

Pacer Nasdaq International Patent Leaders ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Thursday, September 3rd were issued a dividend of $0.0530 per share. This represents a $0.21 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, September 3rd.

Pacer Nasdaq International Patent Leaders ETF Company Profile

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.