Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) Short Interest Update

Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 149,065 shares, an increase of 479.5% from the August 15th total of 25,725 shares. Approximately 2.5% of the shares of the company are sold short. Based on an average trading volume of 140,971 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Pacer Nasdaq International Patent Leaders ETF stock. Sankala Group LLC purchased a new position in shares of Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,463 shares of the company’s stock, valued at approximately $201,000. Sankala Group LLC owned approximately 0.57% of Pacer Nasdaq International Patent Leaders ETF at the end of the most recent reporting period.

Pacer Nasdaq International Patent Leaders ETF Stock Performance

Shares of PATN stock traded up $0.48 on Friday, hitting $35.77. The company’s stock had a trading volume of 7,881 shares, compared to its average volume of 72,207. The stock’s 50 day moving average is $35.35 and its 200-day moving average is $33.72. Pacer Nasdaq International Patent Leaders ETF has a fifty-two week low of $25.15 and a fifty-two week high of $38.85. The company has a market capitalization of $211.01 million, a PE ratio of 18.15 and a beta of 1.03.

Pacer Nasdaq International Patent Leaders ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Thursday, September 3rd were issued a $0.053 dividend. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $0.21 dividend on an annualized basis and a yield of 0.6%.

Pacer Nasdaq International Patent Leaders ETF Company Profile

The Pacer Nasdaq International Patent Leaders ETF (PATN) is an exchange-traded fund that is based on the Nasdaq International Patent Leaders index. The fund seeks to track an index of the top 100 international large- and midcap growth companies, as measured by patent valuations. Holdings are weighted by market capitalization. PATN was launched on Sep 16, 2024 and is issued by Pacer.