Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) Short Interest Up 479.5% in August

Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 149,065 shares, a growth of 479.5% from the August 15th total of 25,725 shares. Based on an average daily trading volume, of 140,971 shares, the short-interest ratio is currently 1.1 days. Currently, 2.5% of the shares of the company are sold short.

Institutional Trading of 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. purchased a new position in Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 21,871 shares of the company’s stock, valued at approximately $621,000. Mascagni Wealth Management Inc. owned about 0.89% of Pacer Nasdaq International Patent Leaders ETF at the end of the most recent quarter.

Pacer Nasdaq International Patent Leaders ETF Price Performance

Shares of NASDAQ:PATN traded up $0.48 during trading on Friday, reaching $35.76. 72,437 shares of the company’s stock traded hands, compared to its average volume of 72,593. Pacer Nasdaq International Patent Leaders ETF has a 12 month low of $25.15 and a 12 month high of $38.85. The company has a 50 day moving average of $35.35 and a 200-day moving average of $33.73. The stock has a market capitalization of $210.98 million, a P/E ratio of 18.15 and a beta of 1.03.

Pacer Nasdaq International Patent Leaders ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Thursday, September 3rd were paid a $0.053 dividend. This represents a $0.21 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Thursday, September 3rd.

About Pacer Nasdaq International Patent Leaders ETF

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.