Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Stock Short Interest Rises 236.5%

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) saw a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 2,860 shares, a growth of 236.5% from the October 15th total of 850 shares. Based on an average daily trading volume, of 39,483 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Pacer Trendpilot 100 ETF Stock Performance

Shares of NASDAQ:PTNQ traded down $0.23 during mid-day trading on Thursday, hitting $82.97. 13,586 shares of the company traded hands, compared to its average volume of 35,608. The firm’s 50 day simple moving average is $86.70 and its 200 day simple moving average is $83.25. The firm has a market cap of $1.17 billion, a P/E ratio of 25.86 and a beta of 0.67. Pacer Trendpilot 100 ETF has a 52-week low of $71.56 and a 52-week high of $91.90.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Unique Wealth LLC increased its stake in Pacer Trendpilot 100 ETF by 324.6% during the 2nd quarter. Unique Wealth LLC now owns 12,913 shares of the company’s stock worth $1,145,000 after buying an additional 9,872 shares during the period. Ashton Thomas Securities LLC purchased a new position in Pacer Trendpilot 100 ETF in the 1st quarter valued at about $2,682,000. Retirement Planning Group LLC purchased a new position in Pacer Trendpilot 100 ETF in the 1st quarter valued at about $572,000. Kestra Advisory Services LLC grew its stake in shares of Pacer Trendpilot 100 ETF by 26.7% during the first quarter. Kestra Advisory Services LLC now owns 69,636 shares of the company’s stock valued at $5,081,000 after acquiring an additional 14,691 shares in the last quarter. Finally, Integrity Alliance LLC. acquired a new stake in shares of Pacer Trendpilot 100 ETF during the third quarter valued at about $823,000.

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.