Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Shares Shorted: Short Interest Down 95.0% in October

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totaling 850 shares, a drop of 95.0% from the September 30th total of 16,927 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 26,712 shares, the days-to-cover ratio is currently 0.0 days.

Pacer Trendpilot 100 ETF Stock Up 1.1%

Shares of NASDAQ PTNQ traded up $0.95 during mid-day trading on Monday, reaching $85.88. 14,255 shares of the company were exchanged, compared to its average volume of 36,306. Pacer Trendpilot 100 ETF has a 52 week low of $71.56 and a 52 week high of $91.90. The company’s 50 day moving average price is $87.51 and its 200 day moving average price is $83.01. The stock has a market capitalization of $1.22 billion, a PE ratio of 33.04 and a beta of 0.65.

Institutional Investors Weigh In On Pacer Trendpilot 100 ETF

Several hedge funds have recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. purchased a new stake in Pacer Trendpilot 100 ETF in the third quarter worth approximately $1,167,000. Sigma Planning Corp bought a new stake in shares of Pacer Trendpilot 100 ETF in the 3rd quarter worth approximately $936,000. Root Financial Partners LLC purchased a new stake in shares of Pacer Trendpilot 100 ETF in the 3rd quarter valued at $71,000. Retirement Planning Group LLC purchased a new stake in shares of Pacer Trendpilot 100 ETF in the 3rd quarter valued at $576,000. Finally, Gimbal Financial boosted its stake in shares of Pacer Trendpilot 100 ETF by 46.1% in the 3rd quarter. Gimbal Financial now owns 12,522 shares of the company’s stock valued at $1,117,000 after purchasing an additional 3,950 shares in the last quarter.

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.