Pacer Trendpilot International ETF (NYSEARCA:PTIN) Short Interest Up 69.1% in May

Pacer Trendpilot International ETF (NYSEARCA:PTIN) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 29,851 shares, an increase of 69.1% from the April 30th total of 17,656 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average trading volume of 8,655 shares, the short-interest ratio is presently 3.4 days.

Pacer Trendpilot International ETF Price Performance

Shares of PTIN stock opened at $36.73 on Thursday. Pacer Trendpilot International ETF has a 1-year low of $25.50 and a 1-year high of $37.04. The stock’s 50-day moving average is $34.77 and its 200 day moving average is $33.53. The company has a market cap of $192.83 million, a P/E ratio of 16.15 and a beta of 0.53.

Institutional Trading of Pacer Trendpilot International ETF

Institutional investors have recently modified their holdings of the company. Empirical Finance LLC purchased a new position in shares of Pacer Trendpilot International ETF in the 1st quarter worth approximately $6,279,000. Private Advisor Group LLC lifted its position in Pacer Trendpilot International ETF by 4.6% during the first quarter. Private Advisor Group LLC now owns 16,156 shares of the company’s stock valued at $525,000 after acquiring an additional 704 shares during the last quarter. Clark Asset Management LLC purchased a new stake in Pacer Trendpilot International ETF during the first quarter valued at approximately $294,000. Wealthspire Retirement LLC acquired a new stake in Pacer Trendpilot International ETF in the fourth quarter valued at approximately $560,000. Finally, NewEdge Advisors LLC boosted its stake in Pacer Trendpilot International ETF by 47.7% in the fourth quarter. NewEdge Advisors LLC now owns 23,370 shares of the company’s stock valued at $735,000 after acquiring an additional 7,552 shares in the last quarter.

About Pacer Trendpilot International ETF

The Pacer Trendpilot International ETF (PTIN) is an exchange-traded fund that is based on the Pacer Trendpilot International index. The fund tracks an index that allocates to a proprietary ex-US Large-Cap Index and\u002For 3-month US T-bills, according to momentum. PTIN was launched on May 2, 2019 and is managed by Pacer.