Pacer Trendpilot US Mid Cap ETF (BATS:PTMC) Sees Significant Drop in Short Interest

Pacer Trendpilot US Mid Cap ETF (BATS:PTMC) saw a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 7,885 shares, a drop of 54.1% from the May 14th total of 17,175 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 18,359 shares, the days-to-cover ratio is presently 0.4 days.

Pacer Trendpilot US Mid Cap ETF Stock Performance

PTMC stock opened at $41.19 on Friday. The stock has a market capitalization of $516.93 million, a price-to-earnings ratio of 17.49 and a beta of 0.55. Pacer Trendpilot US Mid Cap ETF has a 1 year low of $33.60 and a 1 year high of $41.34. The stock’s fifty day moving average is $39.45 and its two-hundred day moving average is $37.99.

Institutional Investors Weigh In On Pacer Trendpilot US Mid Cap ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. raised its stake in shares of Pacer Trendpilot US Mid Cap ETF by 34.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,865 shares of the company’s stock valued at $65,000 after purchasing an additional 479 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Pacer Trendpilot US Mid Cap ETF by 0.5% during the first quarter. Royal Bank of Canada now owns 127,218 shares of the company’s stock valued at $4,402,000 after purchasing an additional 586 shares in the last quarter. Stifel Financial Corp raised its stake in shares of Pacer Trendpilot US Mid Cap ETF by 0.7% during the fourth quarter. Stifel Financial Corp now owns 96,181 shares of the company’s stock valued at $3,431,000 after purchasing an additional 658 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Pacer Trendpilot US Mid Cap ETF by 1.3% during the first quarter. Geneos Wealth Management Inc. now owns 70,215 shares of the company’s stock valued at $2,568,000 after purchasing an additional 902 shares in the last quarter. Finally, Capital Investment Advisory Services LLC raised its stake in shares of Pacer Trendpilot US Mid Cap ETF by 14.3% during the fourth quarter. Capital Investment Advisory Services LLC now owns 8,016 shares of the company’s stock valued at $286,000 after purchasing an additional 1,003 shares in the last quarter.

About Pacer Trendpilot US Mid Cap ETF

The Pacer Trendpilot US Mid Cap ETF (PTMC) is an exchange-traded fund that is based on the Pacer Trendpilot US Mid Cap index. The fund tracks an index that allocates to a proprietary US mid-cap Index and\u002For 3-month US T-bills, according to momentum. PTMC was launched on Jun 11, 2015 and is managed by Pacer.