Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Sees Significant Increase in Short Interest

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) saw a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 2,860 shares, an increase of 236.5% from the October 15th total of 850 shares. Based on an average daily trading volume, of 39,483 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Hedge Funds Weigh In On Pacer Trendpilot 100 ETF

Hedge funds have recently added to or reduced their stakes in the business. Concurrent Investment Advisors LLC raised its holdings in shares of Pacer Trendpilot 100 ETF by 0.7% during the second quarter. Concurrent Investment Advisors LLC now owns 28,926 shares of the company’s stock worth $2,564,000 after purchasing an additional 193 shares during the period. Kestra Advisory Services LLC boosted its holdings in shares of Pacer Trendpilot 100 ETF by 0.4% in the 3rd quarter. Kestra Advisory Services LLC now owns 66,185 shares of the company’s stock valued at $5,903,000 after buying an additional 244 shares during the period. Western Wealth Management LLC grew its position in shares of Pacer Trendpilot 100 ETF by 0.8% during the 1st quarter. Western Wealth Management LLC now owns 44,571 shares of the company’s stock valued at $3,252,000 after buying an additional 363 shares during the last quarter. XML Financial LLC grew its position in shares of Pacer Trendpilot 100 ETF by 4.3% during the 3rd quarter. XML Financial LLC now owns 10,109 shares of the company’s stock valued at $902,000 after buying an additional 420 shares during the last quarter. Finally, HBW Advisory Services LLC grew its position in shares of Pacer Trendpilot 100 ETF by 12.0% during the 1st quarter. HBW Advisory Services LLC now owns 3,932 shares of the company’s stock valued at $287,000 after buying an additional 421 shares during the last quarter.

Pacer Trendpilot 100 ETF Stock Performance

Shares of NASDAQ PTNQ traded down $1.15 during trading on Friday, reaching $81.84. The stock had a trading volume of 21,674 shares, compared to its average volume of 35,544. Pacer Trendpilot 100 ETF has a one year low of $71.56 and a one year high of $91.90. The stock has a market cap of $1.15 billion, a PE ratio of 25.86 and a beta of 0.67. The firm’s 50 day moving average price is $86.65 and its two-hundred day moving average price is $83.26.

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.