Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Sees Significant Growth in Short Interest

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 19,819 shares, a growth of 331.5% from the May 14th total of 4,593 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 31,939 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On Pacer Trendpilot 100 ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. UBS Group AG raised its holdings in shares of Pacer Trendpilot 100 ETF by 2.8% in the 4th quarter. UBS Group AG now owns 256,991 shares of the company’s stock worth $20,212,000 after acquiring an additional 7,090 shares during the last quarter. Western Wealth Management LLC raised its holdings in shares of Pacer Trendpilot 100 ETF by 19.9% in the 4th quarter. Western Wealth Management LLC now owns 44,208 shares of the company’s stock worth $3,477,000 after acquiring an additional 7,339 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of Pacer Trendpilot 100 ETF by 16.2% in the 3rd quarter. HighTower Advisors LLC now owns 88,636 shares of the company’s stock worth $6,872,000 after acquiring an additional 12,371 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Pacer Trendpilot 100 ETF by 5.7% in the 4th quarter. Geneos Wealth Management Inc. now owns 179,275 shares of the company’s stock worth $14,100,000 after acquiring an additional 9,693 shares during the last quarter. Finally, Bryn Mawr Trust Advisors LLC raised its holdings in shares of Pacer Trendpilot 100 ETF by 95.9% in the 4th quarter. Bryn Mawr Trust Advisors LLC now owns 42,315 shares of the company’s stock worth $3,328,000 after acquiring an additional 20,716 shares during the last quarter.

Pacer Trendpilot 100 ETF Trading Up 3.1%

Shares of PTNQ traded up $2.62 on Thursday, reaching $86.41. The company’s stock had a trading volume of 18,435 shares, compared to its average volume of 37,499. Pacer Trendpilot 100 ETF has a twelve month low of $67.68 and a twelve month high of $90.15. The stock has a market capitalization of $1.34 billion, a PE ratio of 33.04 and a beta of 0.65. The firm has a fifty day moving average of $81.89 and a 200-day moving average of $79.63.

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.