Pacer Trendpilot European Index ETF (BATS:PTEU) Stock Short Interest Declines 86.3%

Pacer Trendpilot European Index ETF (BATS:PTEU) was the recipient of a significant decrease in short interest in the month of October. As of October 30th, there was short interest totaling 145 shares, a decrease of 86.3% from the October 15th total of 1,059 shares. Based on an average daily trading volume, of 963 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Investors Weigh In On Pacer Trendpilot European Index ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PTEU. Gimbal Financial lifted its stake in shares of Pacer Trendpilot European Index ETF by 8.0% during the 3rd quarter. Gimbal Financial now owns 9,996 shares of the company’s stock worth $326,000 after buying an additional 743 shares during the last quarter. Citadel Advisors LLC increased its position in Pacer Trendpilot European Index ETF by 51.2% during the 2nd quarter. Citadel Advisors LLC now owns 11,674 shares of the company’s stock worth $389,000 after purchasing an additional 3,952 shares in the last quarter. Finally, Mather Group LLC. bought a new position in Pacer Trendpilot European Index ETF in the third quarter valued at about $534,000.

Pacer Trendpilot European Index ETF Stock Down 1.0%

PTEU opened at $32.62 on Friday. The company has a fifty day simple moving average of $32.57 and a 200 day simple moving average of $32.45. The stock has a market cap of $34.25 million, a P/E ratio of 16.60 and a beta of 0.44. Pacer Trendpilot European Index ETF has a 12 month low of $28.85 and a 12 month high of $34.92.

About Pacer Trendpilot European Index ETF

The Pacer Trendpilot European Index ETF (PTEU) is an exchange-traded fund that is based on the Pacer Trendpilot European index. The fund tracks an index of large- and mid-cap eurozone equities selected and weighted by market cap. Stocks can be mixed with or replaced by US Treasury bills based on momentum. PTEU was launched on Dec 15, 2015 and is managed by Pacer.