Pacer Trendpilot US Mid Cap ETF (BATS:PTMC) Short Interest Down 48.6% in August

Pacer Trendpilot US Mid Cap ETF (BATS:PTMC) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 4,570 shares, a decrease of 48.6% from the August 15th total of 8,887 shares. Based on an average daily volume of 16,169 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the shares of the company are sold short.

Pacer Trendpilot US Mid Cap ETF Price Performance

Shares of BATS PTMC opened at $39.76 on Wednesday. The stock has a market capitalization of $498.99 million, a price-to-earnings ratio of 17.49 and a beta of 0.55. The firm’s 50 day simple moving average is $41.17 and its 200-day simple moving average is $39.84. Pacer Trendpilot US Mid Cap ETF has a 12 month low of $34.11 and a 12 month high of $42.61.

Institutional Trading of Pacer Trendpilot US Mid Cap ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC increased its stake in shares of Pacer Trendpilot US Mid Cap ETF by 41.0% in the 2nd quarter. Citadel Advisors LLC now owns 30,218 shares of the company’s stock valued at $1,264,000 after purchasing an additional 8,794 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in Pacer Trendpilot US Mid Cap ETF in the 2nd quarter worth about $56,000. Unique Wealth LLC purchased a new position in Pacer Trendpilot US Mid Cap ETF during the second quarter worth approximately $565,000. NewEdge Advisors LLC boosted its position in Pacer Trendpilot US Mid Cap ETF by 4.4% during the first quarter. NewEdge Advisors LLC now owns 263,828 shares of the company’s stock worth $9,648,000 after purchasing an additional 11,203 shares in the last quarter. Finally, Western Wealth Management LLC acquired a new stake in Pacer Trendpilot US Mid Cap ETF in the first quarter valued at approximately $104,000.

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.