Pacer WealthShield ETF (BATS:PWS) Sees Significant Decrease in Short Interest

Pacer WealthShield ETF (BATS:PWS) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 1,351 shares, a decrease of 39.8% from the May 31st total of 2,246 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 2,165 shares, the days-to-cover ratio is presently 0.6 days.

Pacer WealthShield ETF Stock Performance

Pacer WealthShield ETF stock opened at $32.82 on Wednesday. The firm has a market cap of $27.90 million, a PE ratio of 23.24 and a beta of 0.55. The firm’s 50 day moving average price is $32.00 and its two-hundred day moving average price is $32.44. Pacer WealthShield ETF has a twelve month low of $30.11 and a twelve month high of $33.71.

Hedge Funds Weigh In On Pacer WealthShield ETF

A number of hedge funds have recently modified their holdings of the stock. Ascentis Independent Advisors acquired a new position in shares of Pacer WealthShield ETF in the first quarter worth $163,000. Kestra Advisory Services LLC acquired a new stake in Pacer WealthShield ETF during the fourth quarter valued at $181,000. Jane Street Group LLC purchased a new position in Pacer WealthShield ETF in the fourth quarter valued at about $229,000. Finally, Royal Bank of Canada grew its stake in Pacer WealthShield ETF by 258.9% in the fourth quarter. Royal Bank of Canada now owns 21,019 shares of the company’s stock valued at $679,000 after purchasing an additional 15,163 shares in the last quarter.

About Pacer WealthShield ETF

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.