Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) Shares Shorted: Short Interest Up 573.0% in September

Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 31,792 shares, a growth of 573.0% from the September 15th total of 4,724 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 158,225 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Pacer Nasdaq International Patent Leaders ETF

Large investors have recently bought and sold shares of the stock. Mascagni Wealth Management Inc. acquired a new position in shares of Pacer Nasdaq International Patent Leaders ETF in the first quarter valued at approximately $621,000. Farther Finance Advisors LLC raised its stake in Pacer Nasdaq International Patent Leaders ETF by 1,086.8% during the third quarter. Farther Finance Advisors LLC now owns 2,967 shares of the company’s stock worth $106,000 after purchasing an additional 2,717 shares during the period. Finally, Sankala Group LLC purchased a new position in Pacer Nasdaq International Patent Leaders ETF in the fourth quarter valued at approximately $201,000.

Pacer Nasdaq International Patent Leaders ETF Trading Up 0.7%

Shares of PATN opened at $35.47 on Friday. The firm has a market cap of $356.83 million, a PE ratio of 18.15 and a beta of 1.03. Pacer Nasdaq International Patent Leaders ETF has a 12-month low of $25.71 and a 12-month high of $38.85. The company’s 50 day simple moving average is $35.74 and its 200-day simple moving average is $34.54.

Pacer Nasdaq International Patent Leaders ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Thursday, September 3rd were issued a dividend of $0.0530 per share. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $0.21 dividend on an annualized basis and a yield of 0.6%.

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.