Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Short Interest Down 38.7% in April

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) was the recipient of a large decline in short interest in April. As of April 30th, there was short interest totaling 1,580 shares, a decline of 38.7% from the April 15th total of 2,578 shares. Based on an average daily trading volume, of 51,296 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Pacer Trendpilot 100 ETF Price Performance

NASDAQ:PTNQ traded down $0.45 on Monday, hitting $85.01. 32,489 shares of the company’s stock were exchanged, compared to its average volume of 38,300. The firm has a 50-day moving average price of $77.81 and a 200-day moving average price of $78.68. Pacer Trendpilot 100 ETF has a 52 week low of $65.21 and a 52 week high of $87.00. The company has a market cap of $1.32 billion, a P/E ratio of 33.04 and a beta of 0.63.

Institutional Investors Weigh In On Pacer Trendpilot 100 ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bryn Mawr Trust Advisors LLC bought a new stake in Pacer Trendpilot 100 ETF during the 3rd quarter worth about $1,675,000. Western Wealth Management LLC lifted its position in Pacer Trendpilot 100 ETF by 19.9% during the 4th quarter. Western Wealth Management LLC now owns 44,208 shares of the company’s stock worth $3,477,000 after buying an additional 7,339 shares in the last quarter. HighTower Advisors LLC lifted its position in Pacer Trendpilot 100 ETF by 16.2% during the 3rd quarter. HighTower Advisors LLC now owns 88,636 shares of the company’s stock worth $6,872,000 after buying an additional 12,371 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in Pacer Trendpilot 100 ETF by 5.7% during the 4th quarter. Geneos Wealth Management Inc. now owns 179,275 shares of the company’s stock worth $14,100,000 after buying an additional 9,693 shares in the last quarter. Finally, UBS Group AG lifted its position in Pacer Trendpilot 100 ETF by 2.8% during the 4th quarter. UBS Group AG now owns 256,991 shares of the company’s stock worth $20,212,000 after buying an additional 7,090 shares in the last quarter.

About Pacer Trendpilot 100 ETF

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.