Pacer Trendpilot International ETF (NYSEARCA:PTIN – Get Free Report) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 27,217 shares, a drop of 84.8% from the June 15th total of 179,481 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 9,894 shares, the days-to-cover ratio is currently 2.8 days.
Pacer Trendpilot International ETF Stock Performance
Pacer Trendpilot International ETF stock traded up $0.14 during midday trading on Friday, reaching $36.60. The stock had a trading volume of 5,801 shares, compared to its average volume of 19,616. The stock’s 50-day simple moving average is $36.26 and its 200 day simple moving average is $34.49. Pacer Trendpilot International ETF has a twelve month low of $25.50 and a twelve month high of $37.52. The stock has a market capitalization of $183 million, a PE ratio of 16.15 and a beta of 0.54.
Hedge Funds Weigh In On Pacer Trendpilot International ETF
Several hedge funds and other institutional investors have recently modified their holdings of the company. AlphaCore Capital LLC purchased a new position in Pacer Trendpilot International ETF in the fourth quarter valued at approximately $6,249,000. Private Advisor Group LLC grew its stake in Pacer Trendpilot International ETF by 4.6% during the first quarter. Private Advisor Group LLC now owns 16,156 shares of the company’s stock worth $525,000 after buying an additional 704 shares during the period. Clark Asset Management LLC acquired a new stake in shares of Pacer Trendpilot International ETF in the first quarter worth $294,000. Commonwealth Equity Services LLC increased its position in shares of Pacer Trendpilot International ETF by 10.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 96,512 shares of the company’s stock worth $3,035,000 after acquiring an additional 9,407 shares in the last quarter. Finally, One Degree Advisors Inc raised its stake in shares of Pacer Trendpilot International ETF by 9.4% in the 4th quarter. One Degree Advisors Inc now owns 38,948 shares of the company’s stock valued at $1,224,000 after acquiring an additional 3,356 shares during the period.
Pacer Trendpilot International ETF Company Profile
The Pacer Trendpilot International ETF (PTIN) is an exchange-traded fund that is based on the Pacer Trendpilot International index. The fund tracks an index that allocates to a proprietary ex-US Large-Cap Index and\u002For 3-month US T-bills, according to momentum. PTIN was launched on May 2, 2019 and is managed by Pacer.
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