Pacer Trendpilot US Mid Cap ETF (BATS:PTMC) Sees Significant Decline in Short Interest

Pacer Trendpilot US Mid Cap ETF (BATS:PTMC) was the target of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 3,909 shares, a decline of 50.4% from the May 31st total of 7,885 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 19,161 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its position in shares of Pacer Trendpilot US Mid Cap ETF by 34.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,865 shares of the company’s stock worth $65,000 after purchasing an additional 479 shares in the last quarter. Royal Bank of Canada grew its holdings in Pacer Trendpilot US Mid Cap ETF by 0.5% during the 1st quarter. Royal Bank of Canada now owns 127,218 shares of the company’s stock valued at $4,402,000 after purchasing an additional 586 shares in the last quarter. Stifel Financial Corp grew its holdings in Pacer Trendpilot US Mid Cap ETF by 0.7% during the 4th quarter. Stifel Financial Corp now owns 96,181 shares of the company’s stock valued at $3,431,000 after purchasing an additional 658 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in Pacer Trendpilot US Mid Cap ETF by 1.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 70,215 shares of the company’s stock valued at $2,568,000 after purchasing an additional 902 shares in the last quarter. Finally, Capital Investment Advisory Services LLC increased its stake in Pacer Trendpilot US Mid Cap ETF by 14.3% during the 4th quarter. Capital Investment Advisory Services LLC now owns 8,016 shares of the company’s stock worth $286,000 after buying an additional 1,003 shares during the period.

Pacer Trendpilot US Mid Cap ETF Trading Up 0.2%

Pacer Trendpilot US Mid Cap ETF stock opened at $41.44 on Tuesday. The stock has a fifty day moving average price of $40.16 and a 200 day moving average price of $38.39. Pacer Trendpilot US Mid Cap ETF has a 52 week low of $33.60 and a 52 week high of $41.81. The firm has a market capitalization of $520.07 million, a P/E ratio of 17.49 and a beta of 0.55.

About Pacer Trendpilot US Mid Cap ETF

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