Short Interest in Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Declines By 85.8%

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 10,000 shares, a decline of 85.8% from the March 31st total of 70,400 shares. Based on an average trading volume of 56,400 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Pacer Trendpilot 100 ETF

Institutional investors have recently bought and sold shares of the stock. PSI Advisors LLC raised its position in shares of Pacer Trendpilot 100 ETF by 114.1% during the 1st quarter. PSI Advisors LLC now owns 683 shares of the company’s stock worth $47,000 after buying an additional 364 shares in the last quarter. DecisionPoint Financial LLC bought a new stake in Pacer Trendpilot 100 ETF during the third quarter worth approximately $46,000. Register Financial Advisors LLC bought a new stake in Pacer Trendpilot 100 ETF during the first quarter worth approximately $59,000. EP Wealth Advisors LLC acquired a new stake in Pacer Trendpilot 100 ETF in the fourth quarter worth approximately $101,000. Finally, EverSource Wealth Advisors LLC bought a new position in Pacer Trendpilot 100 ETF during the 4th quarter valued at $107,000.

Pacer Trendpilot 100 ETF Stock Performance

Shares of NASDAQ:PTNQ traded down $0.17 on Thursday, hitting $67.13. The company’s stock had a trading volume of 24,814 shares, compared to its average volume of 58,866. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 35.33 and a beta of 0.68. Pacer Trendpilot 100 ETF has a 12 month low of $53.24 and a 12 month high of $69.10. The stock’s 50-day moving average is $68.03 and its two-hundred day moving average is $65.81.

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.