Short Interest in Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Decreases By 38.7%

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) was the target of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 1,580 shares, a decrease of 38.7% from the April 15th total of 2,578 shares. Based on an average daily volume of 51,296 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Pacer Trendpilot 100 ETF Stock Down 0.8%

Shares of NASDAQ PTNQ traded down $0.70 during mid-day trading on Tuesday, hitting $84.31. 7,434 shares of the company traded hands, compared to its average volume of 37,958. Pacer Trendpilot 100 ETF has a 1 year low of $65.21 and a 1 year high of $87.00. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 33.04 and a beta of 0.63. The business has a 50 day moving average of $77.96 and a two-hundred day moving average of $78.70.

Institutional Investors Weigh In On Pacer Trendpilot 100 ETF

Several hedge funds have recently made changes to their positions in the company. Cetera Investment Advisers lifted its position in shares of Pacer Trendpilot 100 ETF by 0.7% in the 4th quarter. Cetera Investment Advisers now owns 649,198 shares of the company’s stock valued at $51,059,000 after acquiring an additional 4,397 shares in the last quarter. UBS Group AG lifted its stake in Pacer Trendpilot 100 ETF by 2.8% in the 4th quarter. UBS Group AG now owns 256,991 shares of the company’s stock worth $20,212,000 after acquiring an additional 7,090 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its stake in Pacer Trendpilot 100 ETF by 1.6% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 183,837 shares of the company’s stock worth $14,253,000 after acquiring an additional 2,876 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Pacer Trendpilot 100 ETF by 5.7% in the 4th quarter. Geneos Wealth Management Inc. now owns 179,275 shares of the company’s stock worth $14,100,000 after acquiring an additional 9,693 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in Pacer Trendpilot 100 ETF by 0.7% in the 4th quarter. NewEdge Advisors LLC now owns 153,524 shares of the company’s stock worth $12,075,000 after buying an additional 1,048 shares in the last quarter.

About Pacer Trendpilot 100 ETF

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.