Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) Short Interest Up 78.8% in June

Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 57,508 shares, a growth of 78.8% from the May 31st total of 32,162 shares. Based on an average daily trading volume, of 91,241 shares, the short-interest ratio is presently 0.6 days. Approximately 2.3% of the company’s stock are short sold.

Pacer Nasdaq International Patent Leaders ETF Stock Performance

Shares of NASDAQ:PATN opened at $35.79 on Friday. The company has a market cap of $167.50 million, a P/E ratio of 18.15 and a beta of 0.99. Pacer Nasdaq International Patent Leaders ETF has a one year low of $23.01 and a one year high of $38.85. The business’s 50-day simple moving average is $35.43 and its 200 day simple moving average is $31.45.

Pacer Nasdaq International Patent Leaders ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, June 8th. Shareholders of record on Thursday, June 4th were given a $0.049 dividend. The ex-dividend date of this dividend was Thursday, June 4th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Pacer Nasdaq International Patent Leaders ETF stock. Mascagni Wealth Management Inc. purchased a new stake in Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,871 shares of the company’s stock, valued at approximately $621,000. Mascagni Wealth Management Inc. owned approximately 0.89% of Pacer Nasdaq International Patent Leaders ETF at the end of the most recent reporting period.

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.