Pacer Trendpilot 100 ETF (NASDAQ:PTNQ – Get Free Report) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totaling 1,549 shares, a growth of 254.5% from the June 30th total of 437 shares. Based on an average daily volume of 22,846 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.
Pacer Trendpilot 100 ETF Price Performance
NASDAQ PTNQ traded down $1.02 on Friday, reaching $82.45. 24,472 shares of the company’s stock traded hands, compared to its average volume of 35,380. Pacer Trendpilot 100 ETF has a 12 month low of $71.25 and a 12 month high of $90.15. The stock has a 50-day simple moving average of $86.66 and a 200 day simple moving average of $81.17. The stock has a market cap of $1.20 billion, a PE ratio of 33.04 and a beta of 0.65.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. Motiv8 Investments LLC purchased a new position in Pacer Trendpilot 100 ETF during the 4th quarter valued at about $35,000. Farther Finance Advisors LLC purchased a new position in shares of Pacer Trendpilot 100 ETF during the fourth quarter valued at approximately $40,000. Arax Advisory Partners bought a new stake in Pacer Trendpilot 100 ETF in the fourth quarter worth $40,000. Flagship Harbor Advisors LLC bought a new position in Pacer Trendpilot 100 ETF in the 4th quarter worth about $55,000. Finally, Realta Investment Advisors purchased a new stake in shares of Pacer Trendpilot 100 ETF during the first quarter valued at approximately $55,000.
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.
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