Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) Sees Large Growth in Short Interest

Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN – Get Free Report) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 270,324 shares, a growth of 370.1% from the June 15th total of 57,508 shares. Approximately 5.2% of the company’s stock are short sold. Based on an average daily trading volume, of 125,821 shares, the days-to-cover ratio is presently 2.1 days.

Pacer Nasdaq International Patent Leaders ETF Trading Down 3.4%

Shares of NASDAQ:PATN opened at $34.94 on Tuesday. The stock has a market cap of $183.78 million, a PE ratio of 18.15 and a beta of 0.99. The stock’s fifty day simple moving average is $35.91 and its two-hundred day simple moving average is $31.86. Pacer Nasdaq International Patent Leaders ETF has a 1-year low of $23.01 and a 1-year high of $38.85.

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Pacer Nasdaq International Patent Leaders ETF Announces Dividend

The company also recently announced a dividend, which was paid on Monday, June 8th. Stockholders of record on Thursday, June 4th were issued a $0.049 dividend. The ex-dividend date was Thursday, June 4th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Pacer Nasdaq International Patent Leaders ETF stock. Sankala Group LLC acquired a new position in Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,463 shares of the company’s stock, valued at approximately $201,000. Sankala Group LLC owned approximately 0.57% of Pacer Nasdaq International Patent Leaders ETF as of its most recent filing with the Securities and Exchange Commission.

Pacer Nasdaq International Patent Leaders ETF Company Profile

(Get Free Report)

The Pacer Nasdaq International Patent Leaders ETF (PATN) is an exchange-traded fund that is based on the Nasdaq International Patent Leaders index. The fund seeks to track an index of the top 100 international large- and midcap growth companies, as measured by patent valuations. Holdings are weighted by market capitalization. PATN was launched on Sep 16, 2024 and is issued by Pacer.

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