Pacer WealthShield ETF (BATS:PWS) Short Interest Up 1,665.4% in April

Pacer WealthShield ETF (BATS:PWS) was the target of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 459 shares, a growth of 1,665.4% from the April 15th total of 26 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 2,310 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Jane Street Group LLC bought a new position in shares of Pacer WealthShield ETF during the fourth quarter valued at approximately $229,000. Royal Bank of Canada increased its position in Pacer WealthShield ETF by 258.9% during the 4th quarter. Royal Bank of Canada now owns 21,019 shares of the company’s stock valued at $679,000 after buying an additional 15,163 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in Pacer WealthShield ETF during the fourth quarter valued at $181,000. Finally, Ascentis Independent Advisors bought a new stake in Pacer WealthShield ETF in the first quarter worth $163,000.

Pacer WealthShield ETF Stock Performance

PWS opened at $32.17 on Wednesday. The stock’s 50 day moving average price is $32.08 and its 200-day moving average price is $32.69. The stock has a market capitalization of $27.34 million, a PE ratio of 23.24 and a beta of 0.55. Pacer WealthShield ETF has a 52-week low of $28.76 and a 52-week high of $33.71.

Pacer WealthShield ETF Company Profile

The Pacer WealthShield ETF (PWS) is an exchange-traded fund that is based on the Pacer WealthShield index. The fund tracks an index that toggles between equity and Treasurys, or a combination of both, on a monthly basis depending on monthly moving averages. PWS was launched on Dec 11, 2017 and is managed by Pacer.