Short Interest in Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Decreases By 96.9%

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totaling 605 shares, a decrease of 96.9% from the May 31st total of 19,819 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 31,172 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors Weigh In On Pacer Trendpilot 100 ETF

A number of institutional investors have recently bought and sold shares of the business. Motiv8 Investments LLC bought a new stake in Pacer Trendpilot 100 ETF in the 4th quarter valued at $35,000. Farther Finance Advisors LLC bought a new position in shares of Pacer Trendpilot 100 ETF during the 4th quarter worth about $40,000. Arax Advisory Partners acquired a new stake in shares of Pacer Trendpilot 100 ETF during the 4th quarter valued at about $40,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Pacer Trendpilot 100 ETF during the 4th quarter valued at about $55,000. Finally, Realta Investment Advisors bought a new stake in Pacer Trendpilot 100 ETF in the first quarter valued at about $55,000.

Pacer Trendpilot 100 ETF Stock Performance

Shares of NASDAQ:PTNQ traded down $0.84 during trading on Friday, hitting $85.52. 24,133 shares of the stock were exchanged, compared to its average volume of 36,796. Pacer Trendpilot 100 ETF has a 1-year low of $70.40 and a 1-year high of $90.15. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 33.04 and a beta of 0.65. The company’s fifty day simple moving average is $84.98 and its 200-day simple moving average is $80.30.

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.