Short Interest in Pacer Trendpilot European Index ETF (BATS:PTEU) Declines By 67.2%

Pacer Trendpilot European Index ETF (BATS:PTEU) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 22 shares, a decline of 67.2% from the May 31st total of 67 shares. Based on an average trading volume of 1,141 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Pacer Trendpilot European Index ETF Price Performance

PTEU stock opened at $32.70 on Monday. Pacer Trendpilot European Index ETF has a 1-year low of $27.67 and a 1-year high of $33.81. The firm has a fifty day moving average price of $32.43 and a two-hundred day moving average price of $31.66. The firm has a market cap of $42.51 million, a price-to-earnings ratio of 16.12 and a beta of 0.43.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of PTEU. Jane Street Group LLC acquired a new stake in Pacer Trendpilot European Index ETF during the second quarter worth about $1,945,000. Osaic Holdings Inc. boosted its stake in Pacer Trendpilot European Index ETF by 197.8% in the second quarter. Osaic Holdings Inc. now owns 11,273 shares of the company’s stock valued at $324,000 after acquiring an additional 7,488 shares during the period. Citadel Advisors LLC grew its holdings in shares of Pacer Trendpilot European Index ETF by 4.1% during the third quarter. Citadel Advisors LLC now owns 20,133 shares of the company’s stock valued at $602,000 after purchasing an additional 799 shares during the last quarter. J2 Capital Management Inc grew its holdings in shares of Pacer Trendpilot European Index ETF by 3.5% during the fourth quarter. J2 Capital Management Inc now owns 113,333 shares of the company’s stock valued at $3,482,000 after purchasing an additional 3,834 shares during the last quarter. Finally, Capital Investment Advisory Services LLC raised its position in shares of Pacer Trendpilot European Index ETF by 2.8% during the 4th quarter. Capital Investment Advisory Services LLC now owns 30,430 shares of the company’s stock worth $935,000 after purchasing an additional 836 shares during the period.

Pacer Trendpilot European Index ETF Company Profile

The Pacer Trendpilot European Index ETF (PTEU) is an exchange-traded fund that is based on the Pacer Trendpilot European index. The fund tracks an index of large- and mid-cap eurozone equities selected and weighted by market cap. Stocks can be mixed with or replaced by US Treasury bills based on momentum. PTEU was launched on Dec 15, 2015 and is managed by Pacer.