Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) Sees Large Growth in Short Interest

Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 31,792 shares, an increase of 573.0% from the September 15th total of 4,724 shares. Based on an average daily volume of 158,225 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.3% of the company’s stock are sold short.

Institutional Trading of Pacer Nasdaq International Patent Leaders ETF

A number of hedge funds have recently bought and sold shares of the business. Mascagni Wealth Management Inc. purchased a new position in Pacer Nasdaq International Patent Leaders ETF during the first quarter worth about $621,000. Sankala Group LLC acquired a new position in Pacer Nasdaq International Patent Leaders ETF in the 4th quarter valued at about $201,000. Finally, Farther Finance Advisors LLC increased its stake in Pacer Nasdaq International Patent Leaders ETF by 1,086.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,967 shares of the company’s stock worth $106,000 after buying an additional 2,717 shares during the period.

Pacer Nasdaq International Patent Leaders ETF Price Performance

Shares of PATN opened at $35.47 on Friday. Pacer Nasdaq International Patent Leaders ETF has a 1-year low of $25.71 and a 1-year high of $38.85. The firm has a market capitalization of $356.83 million, a PE ratio of 18.15 and a beta of 1.03. The company’s fifty day moving average price is $35.74 and its 200-day moving average price is $34.54.

Pacer Nasdaq International Patent Leaders ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Thursday, September 3rd were paid a dividend of $0.0530 per share. This represents a $0.21 annualized dividend and a yield of 0.6%. The ex-dividend date was Thursday, September 3rd.

About Pacer Nasdaq International Patent Leaders ETF

The Pacer Nasdaq International Patent Leaders ETF (PATN) is an exchange-traded fund that is based on the Nasdaq International Patent Leaders index. The fund seeks to track an index of the top 100 international large- and midcap growth companies, as measured by patent valuations. Holdings are weighted by market capitalization. PATN was launched on Sep 16, 2024 and is issued by Pacer.