Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Shares Shorted: Short Interest Down 95.0% in October

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 850 shares, a drop of 95.0% from the September 30th total of 16,927 shares. Based on an average trading volume of 26,712 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Pacer Trendpilot 100 ETF Price Performance

NASDAQ:PTNQ traded up $0.95 during trading hours on Monday, hitting $85.88. The company had a trading volume of 14,255 shares, compared to its average volume of 36,306. The stock has a 50-day moving average price of $87.51 and a 200 day moving average price of $83.01. The company has a market capitalization of $1.22 billion, a PE ratio of 33.04 and a beta of 0.65. Pacer Trendpilot 100 ETF has a 52 week low of $71.56 and a 52 week high of $91.90.

Institutional Investors Weigh In On Pacer Trendpilot 100 ETF

Large investors have recently modified their holdings of the stock. Unique Wealth LLC raised its stake in Pacer Trendpilot 100 ETF by 324.6% in the second quarter. Unique Wealth LLC now owns 12,913 shares of the company’s stock worth $1,145,000 after buying an additional 9,872 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in Pacer Trendpilot 100 ETF in the first quarter worth about $2,682,000. Retirement Planning Group LLC purchased a new stake in Pacer Trendpilot 100 ETF in the first quarter worth about $572,000. Kestra Advisory Services LLC boosted its position in Pacer Trendpilot 100 ETF by 26.7% during the 1st quarter. Kestra Advisory Services LLC now owns 69,636 shares of the company’s stock valued at $5,081,000 after acquiring an additional 14,691 shares in the last quarter. Finally, Citadel Advisors LLC boosted its position in Pacer Trendpilot 100 ETF by 138.7% during the 2nd quarter. Citadel Advisors LLC now owns 36,578 shares of the company’s stock valued at $3,243,000 after acquiring an additional 21,252 shares in the last quarter.

About Pacer Trendpilot 100 ETF

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.