Pacer Trendpilot US Mid Cap ETF (BATS:PTMC) Stock Short Interest Rises 80.8%

Pacer Trendpilot US Mid Cap ETF (BATS:PTMC) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 9,124 shares, an increase of 80.8% from the September 30th total of 5,046 shares. Based on an average daily volume of 18,413 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the shares of the stock are short sold.

Pacer Trendpilot US Mid Cap ETF Stock Up 0.8%

Shares of Pacer Trendpilot US Mid Cap ETF stock opened at $40.07 on Tuesday. The stock has a market capitalization of $502.88 million, a P/E ratio of 17.49 and a beta of 0.55. The company has a 50-day simple moving average of $39.99 and a 200 day simple moving average of $39.55. Pacer Trendpilot US Mid Cap ETF has a 12-month low of $34.11 and a 12-month high of $42.61.

Institutional Trading of Pacer Trendpilot US Mid Cap ETF

Large investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC grew its position in Pacer Trendpilot US Mid Cap ETF by 5.9% during the 3rd quarter. Kestra Advisory Services LLC now owns 20,696 shares of the company’s stock worth $809,000 after acquiring an additional 1,157 shares during the last quarter. Commonwealth Equity Services LLC acquired a new stake in Pacer Trendpilot US Mid Cap ETF during the 3rd quarter valued at $1,258,000. Latitude Advisors LLC bought a new position in Pacer Trendpilot US Mid Cap ETF in the 3rd quarter valued at $39,000. MBL Wealth LLC raised its position in Pacer Trendpilot US Mid Cap ETF by 3.7% in the 3rd quarter. MBL Wealth LLC now owns 234,076 shares of the company’s stock valued at $9,155,000 after purchasing an additional 8,281 shares during the last quarter. Finally, Retirement Planning Group LLC bought a new position in Pacer Trendpilot US Mid Cap ETF in the 3rd quarter valued at $439,000.

About Pacer Trendpilot US Mid Cap ETF

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.