Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Short Interest Down 96.9% in June

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 605 shares, a decrease of 96.9% from the May 31st total of 19,819 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 31,172 shares, the days-to-cover ratio is presently 0.0 days.

Pacer Trendpilot 100 ETF Price Performance

Shares of NASDAQ:PTNQ traded up $0.67 during trading on Thursday, reaching $86.36. The stock had a trading volume of 22,904 shares, compared to its average volume of 36,902. The stock has a market capitalization of $1.34 billion, a PE ratio of 33.04 and a beta of 0.65. Pacer Trendpilot 100 ETF has a 52 week low of $70.05 and a 52 week high of $90.15. The business’s 50-day moving average price is $84.81 and its 200 day moving average price is $80.27.

Hedge Funds Weigh In On Pacer Trendpilot 100 ETF

A number of institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC lifted its position in shares of Pacer Trendpilot 100 ETF by 76.8% during the second quarter. NewEdge Advisors LLC now owns 149,890 shares of the company’s stock worth $10,698,000 after purchasing an additional 65,118 shares in the last quarter. Orion Porfolio Solutions LLC increased its holdings in shares of Pacer Trendpilot 100 ETF by 359.5% in the fourth quarter. Orion Porfolio Solutions LLC now owns 63,922 shares of the company’s stock valued at $5,027,000 after purchasing an additional 50,010 shares in the last quarter. Empirical Finance LLC acquired a new stake in shares of Pacer Trendpilot 100 ETF in the first quarter valued at approximately $3,455,000. Ashton Thomas Securities LLC bought a new position in Pacer Trendpilot 100 ETF in the 1st quarter worth approximately $2,682,000. Finally, One Capital Management LLC acquired a new position in Pacer Trendpilot 100 ETF during the 4th quarter worth $2,836,000.

Pacer Trendpilot 100 ETF Company Profile

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.