Short Interest in Pacer Trendpilot International ETF (NYSEARCA:PTIN) Declines By 84.8%

Pacer Trendpilot International ETF (NYSEARCA:PTIN) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 27,217 shares, a decline of 84.8% from the June 15th total of 179,481 shares. Based on an average daily volume of 9,894 shares, the short-interest ratio is presently 2.8 days. Approximately 0.5% of the shares of the stock are sold short.

Pacer Trendpilot International ETF Price Performance

Pacer Trendpilot International ETF stock traded up $0.14 during mid-day trading on Friday, hitting $36.60. 5,801 shares of the company were exchanged, compared to its average volume of 19,616. The business’s 50 day simple moving average is $36.26 and its two-hundred day simple moving average is $34.49. The company has a market capitalization of $183 million, a P/E ratio of 16.15 and a beta of 0.54. Pacer Trendpilot International ETF has a 12-month low of $25.50 and a 12-month high of $37.52.

Institutional Trading of Pacer Trendpilot International ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PTIN. AlphaCore Capital LLC purchased a new position in Pacer Trendpilot International ETF in the 4th quarter valued at about $6,249,000. Empirical Finance LLC purchased a new stake in shares of Pacer Trendpilot International ETF during the first quarter worth about $6,279,000. MML Investors Services LLC acquired a new position in shares of Pacer Trendpilot International ETF in the second quarter valued at approximately $2,632,000. Jane Street Group LLC raised its position in shares of Pacer Trendpilot International ETF by 165.6% in the second quarter. Jane Street Group LLC now owns 140,800 shares of the company’s stock valued at $4,085,000 after buying an additional 87,788 shares during the last quarter. Finally, Susquehanna International Group LLP purchased a new position in shares of Pacer Trendpilot International ETF during the third quarter valued at approximately $725,000.

Pacer Trendpilot International ETF Company Profile

The Pacer Trendpilot International ETF (PTIN) is an exchange-traded fund that is based on the Pacer Trendpilot International index. The fund tracks an index that allocates to a proprietary ex-US Large-Cap Index and\u002For 3-month US T-bills, according to momentum. PTIN was launched on May 2, 2019 and is managed by Pacer.