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

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) saw a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 1,580 shares, a decrease of 38.7% from the April 15th total of 2,578 shares. Based on an average daily trading volume, of 51,296 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Investors Weigh In On Pacer Trendpilot 100 ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC grew its position in shares of Pacer Trendpilot 100 ETF by 76.8% in the 2nd quarter. NewEdge Advisors LLC now owns 149,890 shares of the company’s stock worth $10,698,000 after buying an additional 65,118 shares during the last quarter. Orion Porfolio Solutions LLC raised its holdings in shares of Pacer Trendpilot 100 ETF by 359.5% during the fourth quarter. Orion Porfolio Solutions LLC now owns 63,922 shares of the company’s stock valued at $5,027,000 after acquiring an additional 50,010 shares in the last quarter. Empirical Finance LLC purchased a new stake in Pacer Trendpilot 100 ETF in the first quarter worth $3,455,000. One Capital Management LLC purchased a new stake in Pacer Trendpilot 100 ETF in the fourth quarter worth $2,836,000. Finally, Bryn Mawr Trust Advisors LLC bought a new stake in Pacer Trendpilot 100 ETF in the third quarter valued at $1,675,000.

Pacer Trendpilot 100 ETF Price Performance

PTNQ traded down $1.28 during trading on Friday, hitting $85.46. 23,046 shares of the stock traded hands, compared to its average volume of 38,363. The firm has a market capitalization of $1.32 billion, a P/E ratio of 33.04 and a beta of 0.63. The firm has a 50-day moving average of $77.81 and a 200 day moving average of $78.70. Pacer Trendpilot 100 ETF has a 12-month low of $65.21 and a 12-month high of $87.00.

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.