Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Short Interest Update

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totalling 24,600 shares, an increase of 39.8% from the August 15th total of 17,600 shares. Based on an average daily volume of 49,000 shares, the days-to-cover ratio is presently 0.5 days.

Pacer Trendpilot 100 ETF Price Performance

PTNQ stock traded down $0.25 during midday trading on Monday, reaching $71.83. The company had a trading volume of 27,891 shares, compared to its average volume of 52,825. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 35.78 and a beta of 0.68. The stock has a 50 day moving average price of $71.42 and a 200-day moving average price of $70.12. Pacer Trendpilot 100 ETF has a 1-year low of $60.27 and a 1-year high of $74.13.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CreativeOne Wealth LLC grew its position in Pacer Trendpilot 100 ETF by 1.3% in the first quarter. CreativeOne Wealth LLC now owns 12,361 shares of the company’s stock valued at $849,000 after acquiring an additional 164 shares during the last quarter. Concurrent Investment Advisors LLC grew its position in Pacer Trendpilot 100 ETF by 0.6% in the second quarter. Concurrent Investment Advisors LLC now owns 28,711 shares of the company’s stock valued at $2,070,000 after acquiring an additional 183 shares during the last quarter. Western Wealth Management LLC grew its position in Pacer Trendpilot 100 ETF by 0.5% in the second quarter. Western Wealth Management LLC now owns 43,050 shares of the company’s stock valued at $3,104,000 after acquiring an additional 207 shares during the last quarter. Arkadios Wealth Advisors grew its position in Pacer Trendpilot 100 ETF by 1.4% in the first quarter. Arkadios Wealth Advisors now owns 14,932 shares of the company’s stock valued at $1,026,000 after acquiring an additional 208 shares during the last quarter. Finally, XML Financial LLC grew its position in Pacer Trendpilot 100 ETF by 2.3% in the first quarter. XML Financial LLC now owns 12,327 shares of the company’s stock valued at $847,000 after acquiring an additional 278 shares during the last quarter.

Pacer Trendpilot 100 ETF Company Profile

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.