Pacer WealthShield ETF (BATS:PWS) Stock Short Interest Rises 89.7%

Pacer WealthShield ETF (BATS:PWS) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 1,383 shares, an increase of 89.7% from the September 15th total of 729 shares. Based on an average daily volume of 6,397 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the company’s shares are sold short.

Pacer WealthShield ETF Price Performance

PWS stock opened at $31.52 on Friday. The firm has a 50-day moving average of $32.79 and a 200 day moving average of $32.38. The company has a market cap of $26.79 million, a P/E ratio of 23.24 and a beta of 0.55. Pacer WealthShield ETF has a 1 year low of $31.18 and a 1 year high of $33.83.

Institutional Investors Weigh In On Pacer WealthShield ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc bought a new stake in shares of Pacer WealthShield ETF during the 2nd quarter valued at $27,000. Anchor Investment Management LLC bought a new position in shares of Pacer WealthShield ETF in the 2nd quarter worth about $30,000. Ameritas Advisory Services LLC bought a new position in shares of Pacer WealthShield ETF in the 2nd quarter worth about $51,000. Integrated Wealth Concepts LLC purchased a new position in Pacer WealthShield ETF during the 2nd quarter valued at about $55,000. Finally, Capital Analysts LLC purchased a new position in Pacer WealthShield ETF during the 2nd quarter valued at about $151,000.

Pacer WealthShield ETF Company Profile

The Pacer WealthShield ETF (PWS) is an exchange-traded fund that is based on the Pacer WealthShield index. The fund tracks an index that toggles between equity and Treasurys, or a combination of both, on a monthly basis depending on monthly moving averages. PWS was launched on Dec 11, 2017 and is managed by Pacer.