Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) Short Interest Update

Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 57,508 shares, an increase of 78.8% from the May 31st total of 32,162 shares. Currently, 2.3% of the shares of the stock are sold short. Based on an average trading volume of 91,241 shares, the days-to-cover ratio is currently 0.6 days.

Pacer Nasdaq International Patent Leaders ETF Stock Performance

Shares of NASDAQ:PATN opened at $35.79 on Friday. The company’s fifty day moving average is $35.35 and its 200-day moving average is $31.42. Pacer Nasdaq International Patent Leaders ETF has a 52 week low of $23.01 and a 52 week high of $38.85. The company has a market capitalization of $167.50 million, a PE ratio of 18.15 and a beta of 0.99.

Pacer Nasdaq International Patent Leaders ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, June 8th. Shareholders of record on Thursday, June 4th were given a $0.049 dividend. The ex-dividend date was Thursday, June 4th.

Institutional Trading of Pacer Nasdaq International Patent Leaders ETF

A hedge fund recently bought a new stake in Pacer Nasdaq International Patent Leaders ETF stock. Mascagni Wealth Management Inc. bought a new stake in Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 21,871 shares of the company’s stock, valued at approximately $621,000. Mascagni Wealth Management Inc. owned about 0.89% of Pacer Nasdaq International Patent Leaders ETF at the end of the most recent quarter.

About Pacer Nasdaq International Patent Leaders ETF

The Pacer Nasdaq International Patent Leaders ETF (PATN) is an exchange-traded fund that is based on the Nasdaq International Patent Leaders index. The fund seeks to track an index of the top 100 international large- and midcap growth companies, as measured by patent valuations. Holdings are weighted by market capitalization. PATN was launched on Sep 16, 2024 and is issued by Pacer.