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

Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN – Get Free Report) was the recipient of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 25,725 shares, a drop of 77.5% from the July 30th total of 114,218 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 72,678 shares, the days-to-cover ratio is presently 0.4 days.

Pacer Nasdaq International Patent Leaders ETF Stock Performance

Shares of NASDAQ PATN traded up $0.19 during midday trading on Thursday, reaching $35.92. 202,941 shares of the company traded hands, compared to its average volume of 69,083. Pacer Nasdaq International Patent Leaders ETF has a 12 month low of $23.83 and a 12 month high of $38.85. The firm has a market cap of $211.93 million, a PE ratio of 18.15 and a beta of 1.03. The stock’s 50-day simple moving average is $35.57 and its 200-day simple moving average is $33.38.

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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 paid a $0.049 dividend. The ex-dividend date of this dividend was Thursday, June 4th.

Hedge Funds Weigh In On Pacer Nasdaq International Patent Leaders ETF

An institutional investor recently bought a new stake in Pacer Nasdaq International Patent Leaders ETF stock. Sankala Group LLC purchased a new position in shares of Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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 SEC filing.

About Pacer Nasdaq International Patent Leaders ETF

(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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