Pacer Trendpilot 100 ETF (NASDAQ:PTNQ – Get Free Report) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 19,819 shares, an increase of 331.5% from the May 14th total of 4,593 shares. Based on an average daily trading volume, of 31,939 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.1% of the company’s stock are sold short.
Institutional Investors Weigh In On Pacer Trendpilot 100 ETF
Institutional investors have recently added to or reduced their stakes in the business. Motiv8 Investments LLC purchased a new stake in Pacer Trendpilot 100 ETF during the fourth quarter worth approximately $35,000. Farther Finance Advisors LLC purchased a new stake in Pacer Trendpilot 100 ETF during the fourth quarter worth approximately $40,000. Arax Advisory Partners purchased a new stake in Pacer Trendpilot 100 ETF during the fourth quarter worth approximately $40,000. Flagship Harbor Advisors LLC purchased a new stake in Pacer Trendpilot 100 ETF during the fourth quarter worth approximately $55,000. Finally, Realta Investment Advisors purchased a new stake in Pacer Trendpilot 100 ETF during the first quarter worth approximately $55,000.
Pacer Trendpilot 100 ETF Stock Up 0.7%
PTNQ stock opened at $86.99 on Friday. The business has a 50 day moving average price of $82.43 and a 200 day moving average price of $79.75. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 33.04 and a beta of 0.65. Pacer Trendpilot 100 ETF has a fifty-two week low of $67.68 and a fifty-two week high of $90.15.
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.
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