Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Stock Short Interest Jumps 737.1%

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 16,927 shares, a growth of 737.1% from the September 15th total of 2,022 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 48,015 shares, the short-interest ratio is presently 0.4 days.

Pacer Trendpilot 100 ETF Trading Up 0.5%

Shares of PTNQ traded up $0.44 during mid-day trading on Friday, reaching $90.59. The company had a trading volume of 14,860 shares, compared to its average volume of 35,967. Pacer Trendpilot 100 ETF has a fifty-two week low of $71.56 and a fifty-two week high of $91.90. The firm has a fifty day simple moving average of $87.42 and a 200-day simple moving average of $84.56. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 33.04 and a beta of 0.65.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PTNQ. Ashton Thomas Securities LLC acquired a new stake in Pacer Trendpilot 100 ETF during the first quarter worth about $2,682,000. Unique Wealth LLC lifted its stake in shares of Pacer Trendpilot 100 ETF by 324.6% in the 2nd quarter. Unique Wealth LLC now owns 12,913 shares of the company’s stock valued at $1,145,000 after purchasing an additional 9,872 shares in the last quarter. Retirement Planning Group LLC purchased a new stake in shares of Pacer Trendpilot 100 ETF during the 1st quarter worth about $572,000. Kestra Advisory Services LLC grew its holdings in shares of Pacer Trendpilot 100 ETF by 26.7% during the 1st quarter. Kestra Advisory Services LLC now owns 69,636 shares of the company’s stock worth $5,081,000 after purchasing an additional 14,691 shares during the period. Finally, Rockefeller Capital Management L.P. grew its holdings in shares of Pacer Trendpilot 100 ETF by 18.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 105,316 shares of the company’s stock worth $8,283,000 after purchasing an additional 16,466 shares during the period.

Pacer Trendpilot 100 ETF Company Profile

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.