Short Interest in Pacer Trendpilot European Index ETF (BATS:PTEU) Declines By 84.0%

Pacer Trendpilot European Index ETF (BATS:PTEU) was the target of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 67 shares, a decrease of 84.0% from the May 14th total of 418 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 1,278 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Pacer Trendpilot European Index ETF

A number of hedge funds have recently modified their holdings of PTEU. Jane Street Group LLC bought a new position in shares of Pacer Trendpilot European Index ETF in the second quarter worth approximately $1,945,000. Osaic Holdings Inc. boosted its position in shares of Pacer Trendpilot European Index ETF by 197.8% in the second quarter. Osaic Holdings Inc. now owns 11,273 shares of the company’s stock worth $324,000 after purchasing an additional 7,488 shares during the period. Citadel Advisors LLC boosted its position in shares of Pacer Trendpilot European Index ETF by 4.1% in the third quarter. Citadel Advisors LLC now owns 20,133 shares of the company’s stock worth $602,000 after purchasing an additional 799 shares during the period. J2 Capital Management Inc boosted its position in shares of Pacer Trendpilot European Index ETF by 3.5% in the fourth quarter. J2 Capital Management Inc now owns 113,333 shares of the company’s stock worth $3,482,000 after purchasing an additional 3,834 shares during the period. Finally, Capital Investment Advisory Services LLC boosted its position in shares of Pacer Trendpilot European Index ETF by 2.8% in the fourth quarter. Capital Investment Advisory Services LLC now owns 30,430 shares of the company’s stock worth $935,000 after purchasing an additional 836 shares during the period.

Pacer Trendpilot European Index ETF Price Performance

PTEU opened at $32.21 on Thursday. The firm has a market cap of $41.87 million, a P/E ratio of 16.12 and a beta of 0.43. Pacer Trendpilot European Index ETF has a 1-year low of $27.65 and a 1-year high of $33.21. The company has a 50 day simple moving average of $31.92 and a two-hundred day simple moving average of $31.42.

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.