Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Sees Significant Growth in Short Interest

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 19,819 shares, a growth of 331.5% from the May 14th total of 4,593 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 31,939 shares, the days-to-cover ratio is currently 0.6 days.

Pacer Trendpilot 100 ETF Stock Performance

Shares of NASDAQ PTNQ traded up $2.62 during trading on Thursday, hitting $86.41. 18,435 shares of the company traded hands, compared to its average volume of 37,499. The business’s fifty day moving average is $81.89 and its 200 day moving average is $79.63. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 33.04 and a beta of 0.65. Pacer Trendpilot 100 ETF has a fifty-two week low of $67.68 and a fifty-two week high of $90.15.

Institutional Trading of Pacer Trendpilot 100 ETF

Several large investors have recently made changes to their positions in PTNQ. Motiv8 Investments LLC acquired a new stake in shares of Pacer Trendpilot 100 ETF in the 4th quarter valued at about $35,000. Farther Finance Advisors LLC acquired a new stake in shares of Pacer Trendpilot 100 ETF in the 4th quarter valued at about $40,000. Arax Advisory Partners acquired a new stake in shares of Pacer Trendpilot 100 ETF in the 4th quarter valued at about $40,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Pacer Trendpilot 100 ETF in the 4th quarter valued at about $55,000. Finally, Realta Investment Advisors acquired a new stake in shares of Pacer Trendpilot 100 ETF in the 1st quarter valued at about $55,000.

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.