Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) Short Interest Up 370.1% in June

Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 270,324 shares, an increase of 370.1% from the June 15th total of 57,508 shares. Currently, 5.2% of the company’s shares are short sold. Based on an average daily volume of 125,821 shares, the days-to-cover ratio is presently 2.1 days.

Pacer Nasdaq International Patent Leaders ETF Stock Down 3.4%

Shares of NASDAQ PATN traded down $1.23 during midday trading on Monday, hitting $34.94. The stock had a trading volume of 67,298 shares, compared to its average volume of 54,071. Pacer Nasdaq International Patent Leaders ETF has a 1-year low of $23.01 and a 1-year high of $38.85. The company has a market capitalization of $183.78 million, a price-to-earnings ratio of 18.15 and a beta of 0.99. The company has a fifty day moving average price of $35.91 and a 200 day moving average price of $31.86.

Pacer Nasdaq International Patent Leaders ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, June 8th. Investors of record on Thursday, June 4th were issued a $0.049 dividend. The ex-dividend date was Thursday, June 4th.

Institutional Investors Weigh In On Pacer Nasdaq International Patent Leaders ETF

A hedge fund recently bought a new position in Pacer Nasdaq International Patent Leaders ETF stock. Mascagni Wealth Management Inc. acquired a new position in Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,871 shares of the company’s stock, valued at approximately $621,000. Mascagni Wealth Management Inc. owned approximately 0.89% of Pacer Nasdaq International Patent Leaders ETF as of its most recent SEC filing.

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.