Pacer Trendpilot US Mid Cap ETF (BATS:PTMC) Sees Significant Drop in Short Interest

Pacer Trendpilot US Mid Cap ETF (BATS:PTMC) saw a significant drop in short interest in May. As of May 29th, there was short interest totaling 7,885 shares, a drop of 54.1% from the May 14th total of 17,175 shares. Based on an average trading volume of 18,359 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Trading of Pacer Trendpilot US Mid Cap ETF

A number of hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. grew its position in shares of Pacer Trendpilot US Mid Cap ETF by 34.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,865 shares of the company’s stock worth $65,000 after buying an additional 479 shares in the last quarter. Royal Bank of Canada boosted its holdings in Pacer Trendpilot US Mid Cap ETF by 0.5% in the first quarter. Royal Bank of Canada now owns 127,218 shares of the company’s stock worth $4,402,000 after purchasing an additional 586 shares during the period. Stifel Financial Corp boosted its holdings in Pacer Trendpilot US Mid Cap ETF by 0.7% in the fourth quarter. Stifel Financial Corp now owns 96,181 shares of the company’s stock worth $3,431,000 after purchasing an additional 658 shares during the period. Geneos Wealth Management Inc. boosted its holdings in Pacer Trendpilot US Mid Cap ETF by 1.3% in the first quarter. Geneos Wealth Management Inc. now owns 70,215 shares of the company’s stock worth $2,568,000 after purchasing an additional 902 shares during the period. Finally, Capital Investment Advisory Services LLC boosted its holdings in Pacer Trendpilot US Mid Cap ETF by 14.3% in the fourth quarter. Capital Investment Advisory Services LLC now owns 8,016 shares of the company’s stock worth $286,000 after purchasing an additional 1,003 shares during the period.

Pacer Trendpilot US Mid Cap ETF Trading Up 0.8%

PTMC stock opened at $41.19 on Friday. Pacer Trendpilot US Mid Cap ETF has a twelve month low of $33.60 and a twelve month high of $41.34. The company has a market capitalization of $516.93 million, a P/E ratio of 17.49 and a beta of 0.55. The firm has a 50 day simple moving average of $39.45 and a 200-day simple moving average of $37.99.

About Pacer Trendpilot US Mid Cap ETF

The Pacer Trendpilot US Mid Cap ETF (PTMC) is an exchange-traded fund that is based on the Pacer Trendpilot US Mid Cap index. The fund tracks an index that allocates to a proprietary US mid-cap Index and\u002For 3-month US T-bills, according to momentum. PTMC was launched on Jun 11, 2015 and is managed by Pacer.