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

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) was the recipient of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 13,500 shares, a decrease of 91.7% from the October 15th total of 162,600 shares. Based on an average daily trading volume, of 38,000 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Pacer Trendpilot 100 ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC raised its stake in Pacer Trendpilot 100 ETF by 22.7% in the first quarter. Janney Montgomery Scott LLC now owns 18,601 shares of the company’s stock valued at $1,278,000 after buying an additional 3,447 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of Pacer Trendpilot 100 ETF by 4.8% in the first quarter. Oppenheimer & Co. Inc. now owns 16,031 shares of the company’s stock worth $1,101,000 after purchasing an additional 735 shares during the last quarter. Avantax Advisory Services Inc. raised its stake in shares of Pacer Trendpilot 100 ETF by 12.7% in the first quarter. Avantax Advisory Services Inc. now owns 131,574 shares of the company’s stock worth $9,037,000 after purchasing an additional 14,874 shares during the last quarter. Burns Matteson Capital Management LLC raised its stake in shares of Pacer Trendpilot 100 ETF by 198.0% in the first quarter. Burns Matteson Capital Management LLC now owns 10,012 shares of the company’s stock worth $688,000 after purchasing an additional 6,652 shares during the last quarter. Finally, CreativeOne Wealth LLC raised its stake in shares of Pacer Trendpilot 100 ETF by 1.3% in the first quarter. CreativeOne Wealth LLC now owns 12,361 shares of the company’s stock worth $849,000 after purchasing an additional 164 shares during the last quarter.

Pacer Trendpilot 100 ETF Trading Down 0.1 %

NASDAQ:PTNQ traded down $0.06 during mid-day trading on Tuesday, reaching $75.49. The company’s stock had a trading volume of 40,822 shares, compared to its average volume of 50,092. Pacer Trendpilot 100 ETF has a 12-month low of $63.15 and a 12-month high of $75.71. The firm’s fifty day moving average price is $73.03 and its two-hundred day moving average price is $71.64. The stock has a market cap of $1.36 billion, a P/E ratio of 35.78 and a beta of 0.68.

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.