Pacer WealthShield ETF (BATS:PWS) Sees Large Decline in Short Interest

Pacer WealthShield ETF (BATS:PWS) was the target of a large decline in short interest in June. As of June 30th, there was short interest totaling 198 shares, a decline of 85.3% from the June 15th total of 1,351 shares. Based on an average daily trading volume, of 3,873 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Pacer WealthShield ETF Trading Down 0.3%

BATS PWS traded down $0.10 during mid-day trading on Friday, hitting $32.81. The company’s stock had a trading volume of 678 shares, compared to its average volume of 7,936. The firm has a market capitalization of $27.89 million, a price-to-earnings ratio of 23.24 and a beta of 0.55. The company’s 50 day simple moving average is $32.11 and its 200 day simple moving average is $32.45. Pacer WealthShield ETF has a twelve month low of $30.34 and a twelve month high of $33.71.

Institutional Investors Weigh In On Pacer WealthShield ETF

A number of institutional investors and hedge funds have recently bought and sold shares of PWS. Ascentis Independent Advisors purchased a new position in Pacer WealthShield ETF during the first quarter worth about $163,000. Kestra Advisory Services LLC purchased a new position in shares of Pacer WealthShield ETF in the 4th quarter worth approximately $181,000. Jane Street Group LLC bought a new position in shares of Pacer WealthShield ETF in the fourth quarter valued at approximately $229,000. Finally, Royal Bank of Canada increased its position in shares of Pacer WealthShield ETF by 258.9% during the fourth quarter. Royal Bank of Canada now owns 21,019 shares of the company’s stock valued at $679,000 after acquiring an additional 15,163 shares during the last quarter.

Pacer WealthShield ETF Company Profile

The Pacer WealthShield ETF (PWS) is an exchange-traded fund that is based on the Pacer WealthShield index. The fund tracks an index that toggles between equity and Treasurys, or a combination of both, on a monthly basis depending on monthly moving averages. PWS was launched on Dec 11, 2017 and is managed by Pacer.