Pacer Trendpilot International ETF (NYSEARCA:PTIN) Short Interest Up 458.3% in June

Pacer Trendpilot International ETF (NYSEARCA:PTIN) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 179,481 shares, a growth of 458.3% from the May 31st total of 32,147 shares. Based on an average daily volume of 18,892 shares, the days-to-cover ratio is presently 9.5 days. Currently, 3.4% of the shares of the stock are sold short.

Pacer Trendpilot International ETF Stock Down 0.7%

Shares of Pacer Trendpilot International ETF stock traded down $0.26 during trading on Friday, hitting $36.43. 3,361 shares of the stock traded hands, compared to its average volume of 19,920. Pacer Trendpilot International ETF has a 52 week low of $25.50 and a 52 week high of $37.52. The firm’s fifty day moving average is $35.87 and its 200-day moving average is $34.16. The stock has a market cap of $191.26 million, a price-to-earnings ratio of 16.15 and a beta of 0.54.

Hedge Funds Weigh In On Pacer Trendpilot International ETF

A number of large investors have recently added to or reduced their stakes in PTIN. Royal Bank of Canada boosted its position in Pacer Trendpilot International ETF by 52.3% during the first quarter. Royal Bank of Canada now owns 40,013 shares of the company’s stock valued at $1,173,000 after buying an additional 13,735 shares during the period. NewEdge Advisors LLC boosted its holdings in Pacer Trendpilot International ETF by 14.9% during the 1st quarter. NewEdge Advisors LLC now owns 9,475 shares of the company’s stock valued at $278,000 after acquiring an additional 1,230 shares during the period. Jane Street Group LLC boosted its holdings in Pacer Trendpilot International ETF by 160.8% during the 1st quarter. Jane Street Group LLC now owns 53,012 shares of the company’s stock valued at $1,554,000 after acquiring an additional 32,686 shares during the period. Raymond James Financial Inc. grew its position in Pacer Trendpilot International ETF by 5.9% during the 2nd quarter. Raymond James Financial Inc. now owns 299,854 shares of the company’s stock worth $8,699,000 after acquiring an additional 16,792 shares during the last quarter. Finally, MML Investors Services LLC purchased a new position in Pacer Trendpilot International ETF in the 2nd quarter worth approximately $2,632,000.

About Pacer Trendpilot International ETF

The Pacer Trendpilot International ETF (PTIN) is an exchange-traded fund that is based on the Pacer Trendpilot International index. The fund tracks an index that allocates to a proprietary ex-US Large-Cap Index and\u002For 3-month US T-bills, according to momentum. PTIN was launched on May 2, 2019 and is managed by Pacer.