Short Interest in Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) Drops By 71.6%

Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) was the recipient of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 32,162 shares, a decline of 71.6% from the May 14th total of 113,417 shares. Currently, 1.3% of the company’s shares are short sold. Based on an average daily trading volume, of 51,835 shares, the short-interest ratio is currently 0.6 days.

Institutional Trading of Pacer Nasdaq International Patent Leaders ETF

A hedge fund recently bought a new stake in Pacer Nasdaq International Patent Leaders ETF stock. Sankala Group LLC acquired a new stake in Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 7,463 shares of the company’s stock, valued at approximately $201,000. Sankala Group LLC owned 0.57% of Pacer Nasdaq International Patent Leaders ETF at the end of the most recent quarter.

Pacer Nasdaq International Patent Leaders ETF Trading Down 0.2%

PATN traded down $0.09 on Friday, hitting $36.26. The company had a trading volume of 39,789 shares, compared to its average volume of 44,361. The firm has a market cap of $89.20 million, a P/E ratio of 18.15 and a beta of 0.99. Pacer Nasdaq International Patent Leaders ETF has a 1 year low of $22.18 and a 1 year high of $38.17. The company’s fifty day moving average price is $33.50 and its 200 day moving average price is $30.40.

Pacer Nasdaq International Patent Leaders ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, June 8th. Investors of record on Thursday, June 4th were issued a $0.049 dividend. The ex-dividend date was Thursday, June 4th.

About Pacer Nasdaq International Patent Leaders ETF

The Pacer Nasdaq International Patent Leaders ETF (PATN) is an exchange-traded fund that is based on the Nasdaq International Patent Leaders index. The fund seeks to track an index of the top 100 international large- and midcap growth companies, as measured by patent valuations. Holdings are weighted by market capitalization. PATN was launched on Sep 16, 2024 and is issued by Pacer.