Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Short Interest Up 769.4% in November

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) was the recipient of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 42,600 shares, an increase of 769.4% from the November 15th total of 4,900 shares. Based on an average daily volume of 40,600 shares, the short-interest ratio is currently 1.0 days.

Pacer Trendpilot 100 ETF Price Performance

PTNQ traded down $0.16 during trading on Thursday, reaching $76.83. 22,356 shares of the stock traded hands, compared to its average volume of 49,662. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 35.78 and a beta of 0.68. Pacer Trendpilot 100 ETF has a fifty-two week low of $64.19 and a fifty-two week high of $77.08. The stock’s 50-day simple moving average is $74.54 and its two-hundred day simple moving average is $72.65.

Hedge Funds Weigh In On Pacer Trendpilot 100 ETF

Several institutional investors have recently bought and sold shares of PTNQ. Brookstone Capital Management raised its holdings in Pacer Trendpilot 100 ETF by 68.7% during the second quarter. Brookstone Capital Management now owns 13,429 shares of the company’s stock valued at $972,000 after buying an additional 5,468 shares in the last quarter. Western Wealth Management LLC increased its stake in shares of Pacer Trendpilot 100 ETF by 0.5% in the second quarter. Western Wealth Management LLC now owns 43,050 shares of the company’s stock worth $3,104,000 after purchasing an additional 207 shares during the period. MONECO Advisors LLC increased its stake in shares of Pacer Trendpilot 100 ETF by 22.0% in the second quarter. MONECO Advisors LLC now owns 59,245 shares of the company’s stock worth $4,271,000 after purchasing an additional 10,670 shares during the period. Milestone Asset Management LLC increased its stake in shares of Pacer Trendpilot 100 ETF by 85.6% in the second quarter. Milestone Asset Management LLC now owns 7,178 shares of the company’s stock worth $517,000 after purchasing an additional 3,310 shares during the period. Finally, Atria Wealth Solutions Inc. increased its stake in shares of Pacer Trendpilot 100 ETF by 38.7% in the second quarter. Atria Wealth Solutions Inc. now owns 157,050 shares of the company’s stock worth $11,322,000 after purchasing an additional 43,817 shares during the period.

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.