Short Interest in Pacer Trendpilot US Mid Cap ETF (BATS:PTMC) Expands By 357.6%

Pacer Trendpilot US Mid Cap ETF (BATS:PTMC) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 20,001 shares, a growth of 357.6% from the June 30th total of 4,371 shares. Based on an average daily trading volume, of 23,845 shares, the short-interest ratio is presently 0.8 days. Approximately 0.2% of the company’s shares are sold short.

Pacer Trendpilot US Mid Cap ETF Stock Performance

Shares of Pacer Trendpilot US Mid Cap ETF stock traded down $0.05 during midday trading on Monday, reaching $40.99. 6,804 shares of the company’s stock traded hands, compared to its average volume of 27,259. The stock has a 50 day moving average of $40.72 and a 200-day moving average of $38.98. Pacer Trendpilot US Mid Cap ETF has a 12 month low of $33.60 and a 12 month high of $41.87. The company has a market cap of $514.42 million, a PE ratio of 17.49 and a beta of 0.55.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PTMC. Royal Bank of Canada boosted its stake in shares of Pacer Trendpilot US Mid Cap ETF by 0.5% during the 1st quarter. Royal Bank of Canada now owns 127,218 shares of the company’s stock valued at $4,402,000 after purchasing an additional 586 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Pacer Trendpilot US Mid Cap ETF by 34.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,865 shares of the company’s stock worth $65,000 after buying an additional 479 shares during the period. NewEdge Advisors LLC lifted its holdings in Pacer Trendpilot US Mid Cap ETF by 93.6% in the second quarter. NewEdge Advisors LLC now owns 256,104 shares of the company’s stock worth $8,933,000 after buying an additional 123,836 shares during the period. Raymond James Financial Inc. boosted its position in Pacer Trendpilot US Mid Cap ETF by 2.0% during the 2nd quarter. Raymond James Financial Inc. now owns 274,482 shares of the company’s stock valued at $9,574,000 after acquiring an additional 5,349 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in Pacer Trendpilot US Mid Cap ETF by 39.7% during the 2nd quarter. Geneos Wealth Management Inc. now owns 67,594 shares of the company’s stock valued at $2,358,000 after acquiring an additional 19,196 shares in the last quarter.

About Pacer Trendpilot US Mid Cap ETF

The Pacer Trendpilot US Mid Cap ETF (PTMC) is an exchange-traded fund that is based on the Pacer Trendpilot US Mid Cap index. The fund tracks an index that allocates to a proprietary US mid-cap Index and\u002For 3-month US T-bills, according to momentum. PTMC was launched on Jun 11, 2015 and is managed by Pacer.