Short Interest in Pacer WealthShield ETF (BATS:PWS) Grows By 237.7%

Pacer WealthShield ETF (BATS:PWS) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 2,246 shares, a growth of 237.7% from the May 14th total of 665 shares. Based on an average trading volume of 9,153 shares, the short-interest ratio is currently 0.2 days. Currently, 0.3% of the company’s shares are sold short.

Pacer WealthShield ETF Stock Performance

Shares of BATS PWS opened at $31.92 on Friday. The company’s 50 day moving average price is $31.93 and its 200-day moving average price is $32.51. Pacer WealthShield ETF has a 52-week low of $29.30 and a 52-week high of $33.71. The company has a market capitalization of $27.13 million, a P/E ratio of 23.24 and a beta of 0.55.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PWS. Jane Street Group LLC acquired a new position in shares of Pacer WealthShield ETF during the fourth quarter worth approximately $229,000. Royal Bank of Canada grew its holdings in shares of Pacer WealthShield ETF by 258.9% during the fourth quarter. Royal Bank of Canada now owns 21,019 shares of the company’s stock valued at $679,000 after buying an additional 15,163 shares during the last quarter. Kestra Advisory Services LLC bought a new position in Pacer WealthShield ETF in the 4th quarter valued at about $181,000. Finally, Ascentis Independent Advisors acquired a new position in Pacer WealthShield ETF during the 1st quarter valued at about $163,000.

Pacer WealthShield ETF Company Profile

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.