Short Interest in Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) Expands By 63.6%

Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATNGet Free Report) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 114,218 shares, an increase of 63.6% from the July 15th total of 69,826 shares. Currently, 1.9% of the company’s stock are short sold. Based on an average daily trading volume, of 174,217 shares, the short-interest ratio is currently 0.7 days.

Pacer Nasdaq International Patent Leaders ETF Stock Performance

NASDAQ:PATN traded down $1.14 during mid-day trading on Tuesday, hitting $35.36. The stock had a trading volume of 53,184 shares, compared to its average volume of 66,409. Pacer Nasdaq International Patent Leaders ETF has a twelve month low of $23.83 and a twelve month high of $38.85. The stock has a market cap of $208.62 million, a price-to-earnings ratio of 18.15 and a beta of 1.03. The company’s 50 day simple moving average is $35.71 and its 200 day simple moving average is $33.04.

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 paid a $0.049 dividend. The ex-dividend date was Thursday, June 4th.

Hedge Funds 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. Sankala Group LLC bought a new position in shares of Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATNFree Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 7,463 shares of the company’s stock, valued at approximately $201,000. Sankala Group LLC owned 0.57% of Pacer Nasdaq International Patent Leaders ETF as of its most recent filing with the SEC.

Pacer Nasdaq International Patent Leaders ETF Company Profile

(Get Free Report)

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.

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