Short Interest in Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Decreases By 96.8%

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 298 shares, a decrease of 96.8% from the August 15th total of 9,233 shares. Based on an average daily volume of 47,204 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On Pacer Trendpilot 100 ETF

A number of institutional investors have recently modified their holdings of PTNQ. Motiv8 Investments LLC bought a new stake in Pacer Trendpilot 100 ETF during the 4th quarter valued at $35,000. Arax Advisory Partners acquired a new stake in shares of Pacer Trendpilot 100 ETF in the 4th quarter worth about $40,000. Realta Investment Advisors bought a new position in Pacer Trendpilot 100 ETF in the 1st quarter valued at about $55,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Pacer Trendpilot 100 ETF in the second quarter worth approximately $58,000. Finally, Trust Co. of Vermont bought a new position in shares of Pacer Trendpilot 100 ETF in the second quarter valued at approximately $61,000.

Pacer Trendpilot 100 ETF Trading Up 1.0%

Pacer Trendpilot 100 ETF stock traded up $0.85 during midday trading on Friday, reaching $86.24. The stock had a trading volume of 9,598 shares, compared to its average volume of 35,692. The company has a fifty day moving average price of $85.66 and a two-hundred day moving average price of $82.82. Pacer Trendpilot 100 ETF has a 12 month low of $71.56 and a 12 month high of $90.15. The company has a market capitalization of $1.24 billion, a P/E ratio of 33.04 and a beta of 0.66.

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.