Pacer WealthShield ETF (BATS:PWS) Sees Large Decline in Short Interest

Pacer WealthShield ETF (BATS:PWS) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 198 shares, a decrease of 85.3% from the June 15th total of 1,351 shares. Based on an average daily trading volume, of 3,873 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Hedge Funds Weigh In On Pacer WealthShield ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada lifted its stake in shares of Pacer WealthShield ETF by 113.8% in the 1st quarter. Royal Bank of Canada now owns 44,940 shares of the company’s stock valued at $1,439,000 after purchasing an additional 23,921 shares during the period. Jane Street Group LLC bought a new stake in Pacer WealthShield ETF in the first quarter worth approximately $414,000. Kestra Advisory Services LLC acquired a new position in Pacer WealthShield ETF in the fourth quarter valued at approximately $181,000. Finally, Ascentis Independent Advisors bought a new position in shares of Pacer WealthShield ETF during the 1st quarter worth approximately $163,000.

Pacer WealthShield ETF Stock Performance

Shares of BATS:PWS traded down $0.10 during mid-day trading on Friday, reaching $32.81. 678 shares of the company’s stock were exchanged, compared to its average volume of 7,936. Pacer WealthShield ETF has a twelve month low of $30.34 and a twelve month high of $33.71. The firm has a market capitalization of $27.89 million, a price-to-earnings ratio of 23.24 and a beta of 0.55. The business’s fifty day moving average price is $32.11 and its 200-day moving average price is $32.45.

About Pacer WealthShield ETF

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.