Pacer Trendpilot 100 ETF (NASDAQ:PTNQ – Get Free Report) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 1,580 shares, a drop of 38.7% from the April 15th total of 2,578 shares. Based on an average trading volume of 51,296 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the stock. Empirical Finance LLC purchased a new stake in Pacer Trendpilot 100 ETF during the 1st quarter valued at about $3,455,000. Independent Financial Group LLC purchased a new position in Pacer Trendpilot 100 ETF in the 1st quarter worth approximately $375,000. Bank of New York Mellon Corp increased its stake in Pacer Trendpilot 100 ETF by 28.2% in the 1st quarter. Bank of New York Mellon Corp now owns 5,013 shares of the company’s stock worth $366,000 after purchasing an additional 1,102 shares during the period. Retirement Planning Group LLC bought a new stake in Pacer Trendpilot 100 ETF in the first quarter valued at approximately $572,000. Finally, HBW Advisory Services LLC boosted its stake in shares of Pacer Trendpilot 100 ETF by 12.0% during the first quarter. HBW Advisory Services LLC now owns 3,932 shares of the company’s stock valued at $287,000 after purchasing an additional 421 shares during the period.
Pacer Trendpilot 100 ETF Trading Down 1.5%
Shares of PTNQ traded down $1.28 during mid-day trading on Friday, reaching $85.46. The company’s stock had a trading volume of 23,046 shares, compared to its average volume of 38,363. Pacer Trendpilot 100 ETF has a 52 week low of $65.21 and a 52 week high of $87.00. The stock has a market cap of $1.32 billion, a PE ratio of 33.04 and a beta of 0.63. The company’s fifty day moving average price is $77.81 and its two-hundred day moving average price is $78.70.
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.
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