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

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) saw a large 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 trading volume, of 49,000 shares, the days-to-cover ratio is currently 0.5 days.

Pacer Trendpilot 100 ETF Stock Performance

Shares of PTNQ stock traded down $0.25 during mid-day trading on Monday, reaching $71.83. The company’s stock had a trading volume of 27,891 shares, compared to its average volume of 52,825. The firm’s 50-day moving average is $71.42 and its two-hundred day moving average is $70.12. Pacer Trendpilot 100 ETF has a 1-year low of $60.27 and a 1-year high of $74.13. The company has a market cap of $1.28 billion, a P/E ratio of 35.78 and a beta of 0.68.

Institutional Investors Weigh In On Pacer Trendpilot 100 ETF

Large investors have recently made changes to their positions in the company. Financial Advocates Investment Management grew its holdings in shares of Pacer Trendpilot 100 ETF by 9.0% in the 4th quarter. Financial Advocates Investment Management now owns 57,276 shares of the company’s stock worth $3,742,000 after purchasing an additional 4,753 shares during the last quarter. Concourse Financial Group Securities Inc. bought a new stake in shares of Pacer Trendpilot 100 ETF in the 1st quarter worth about $27,000. Oppenheimer & Co. Inc. grew its holdings in Pacer Trendpilot 100 ETF by 4.8% during the 1st quarter. Oppenheimer & Co. Inc. now owns 16,031 shares of the company’s stock worth $1,101,000 after acquiring an additional 735 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in Pacer Trendpilot 100 ETF by 24.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 15,154 shares of the company’s stock worth $990,000 after acquiring an additional 2,936 shares during the last quarter. Finally, Sovereign Financial Group Inc. grew its holdings in Pacer Trendpilot 100 ETF by 83.7% during the 1st quarter. Sovereign Financial Group Inc. now owns 8,839 shares of the company’s stock worth $607,000 after acquiring an additional 4,028 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.