Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Sees Significant Drop in Short Interest

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) saw a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 4,900 shares, a decrease of 63.7% from the October 31st total of 13,500 shares. Based on an average trading volume of 41,300 shares, the short-interest ratio is presently 0.1 days.

Pacer Trendpilot 100 ETF Stock Down 0.2 %

Shares of PTNQ stock traded down $0.18 during mid-day trading on Wednesday, reaching $74.93. 54,001 shares of the stock traded hands, compared to its average volume of 50,337. The stock’s fifty day simple moving average is $73.86 and its two-hundred day simple moving average is $72.17. Pacer Trendpilot 100 ETF has a 1-year low of $63.85 and a 1-year high of $75.71. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 35.78 and a beta of 0.68.

Hedge Funds Weigh In On Pacer Trendpilot 100 ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Assetmark Inc. bought a new stake in Pacer Trendpilot 100 ETF in the third quarter valued at approximately $31,000. Ridgewood Investments LLC acquired a new position in Pacer Trendpilot 100 ETF in the second quarter valued at $40,000. PSI Advisors LLC boosted its position in Pacer Trendpilot 100 ETF by 69.5% during the second quarter. PSI Advisors LLC now owns 1,158 shares of the company’s stock valued at $83,000 after acquiring an additional 475 shares during the last quarter. Concourse Financial Group Securities Inc. grew its holdings in Pacer Trendpilot 100 ETF by 355.0% during the 2nd quarter. Concourse Financial Group Securities Inc. now owns 1,820 shares of the company’s stock worth $131,000 after acquiring an additional 1,420 shares during the period. Finally, NBC Securities Inc. raised its position in shares of Pacer Trendpilot 100 ETF by 17.2% in the 3rd quarter. NBC Securities Inc. now owns 2,468 shares of the company’s stock worth $180,000 after acquiring an additional 363 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.