Pacer Trendpilot US Mid Cap ETF (BATS:PTMC) Short Interest Update

Pacer Trendpilot US Mid Cap ETF (BATS:PTMC) was the recipient of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 8,887 shares, a drop of 58.5% from the July 30th total of 21,411 shares. Based on an average daily trading volume, of 17,475 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the company’s shares are sold short.

Pacer Trendpilot US Mid Cap ETF Trading Down 1.1%

Pacer Trendpilot US Mid Cap ETF stock opened at $41.04 on Friday. The firm has a market capitalization of $515.05 million, a P/E ratio of 17.49 and a beta of 0.55. Pacer Trendpilot US Mid Cap ETF has a 1 year low of $34.11 and a 1 year high of $42.61. The business has a 50-day moving average of $41.36 and a 200-day moving average of $39.67.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada boosted its position in shares of Pacer Trendpilot US Mid Cap ETF by 0.5% during the first quarter. Royal Bank of Canada now owns 127,218 shares of the company’s stock worth $4,402,000 after purchasing an additional 586 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Pacer Trendpilot US Mid Cap ETF by 34.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,865 shares of the company’s stock valued at $65,000 after buying an additional 479 shares in the last quarter. NewEdge Advisors LLC raised its stake in Pacer Trendpilot US Mid Cap ETF by 93.6% during the 2nd quarter. NewEdge Advisors LLC now owns 256,104 shares of the company’s stock worth $8,933,000 after buying an additional 123,836 shares during the period. Raymond James Financial Inc. raised its stake in Pacer Trendpilot US Mid Cap ETF by 2.0% during the 2nd quarter. Raymond James Financial Inc. now owns 274,482 shares of the company’s stock worth $9,574,000 after buying an additional 5,349 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake in Pacer Trendpilot US Mid Cap ETF by 39.7% during the 2nd quarter. Geneos Wealth Management Inc. now owns 67,594 shares of the company’s stock worth $2,358,000 after buying an additional 19,196 shares during the period.

Pacer Trendpilot US Mid Cap ETF Company Profile

The Pacer Trendpilot US Mid Cap ETF (PTMC) is an exchange-traded fund that is based on the Pacer Trendpilot US Mid Cap index. The fund tracks an index that allocates to a proprietary US mid-cap Index and\u002For 3-month US T-bills, according to momentum. PTMC was launched on Jun 11, 2015 and is managed by Pacer.