Pacer Trendpilot 100 ETF (NASDAQ:PTNQ – Get Free Report) was the recipient of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 9,233 shares, a growth of 644.6% from the July 30th total of 1,240 shares. Based on an average daily trading volume, of 43,977 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are short sold.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Concurrent Investment Advisors LLC lifted its position in Pacer Trendpilot 100 ETF by 0.7% during the second quarter. Concurrent Investment Advisors LLC now owns 28,926 shares of the company’s stock worth $2,564,000 after acquiring an additional 193 shares during the last quarter. XML Financial LLC grew its position in shares of Pacer Trendpilot 100 ETF by 1.9% in the fourth quarter. XML Financial LLC now owns 10,911 shares of the company’s stock valued at $858,000 after purchasing an additional 200 shares during the last quarter. Western Wealth Management LLC grew its position in shares of Pacer Trendpilot 100 ETF by 0.8% in the first quarter. Western Wealth Management LLC now owns 44,571 shares of the company’s stock valued at $3,252,000 after purchasing an additional 363 shares during the last quarter. HBW Advisory Services LLC increased 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 worth $287,000 after purchasing an additional 421 shares during the period. Finally, Mutual Advisors LLC increased its stake in shares of Pacer Trendpilot 100 ETF by 16.5% during the fourth quarter. Mutual Advisors LLC now owns 3,076 shares of the company’s stock worth $242,000 after purchasing an additional 436 shares during the period.
Pacer Trendpilot 100 ETF Trading Up 0.6%
Shares of PTNQ opened at $85.72 on Wednesday. The stock has a market cap of $1.23 billion, a P/E ratio of 33.04 and a beta of 0.66. Pacer Trendpilot 100 ETF has a 1 year low of $71.56 and a 1 year high of $90.15. The stock’s 50-day moving average price is $85.93 and its two-hundred day moving average price is $82.09.
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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