Pacer Trendpilot International ETF (NYSEARCA:PTIN) Short Interest Update

Pacer Trendpilot International ETF (NYSEARCA:PTIN) saw a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 27,217 shares, a decrease of 84.8% from the June 15th total of 179,481 shares. Based on an average trading volume of 9,894 shares, the days-to-cover ratio is currently 2.8 days. Currently, 0.5% of the shares of the stock are short sold.

Institutional Trading of Pacer Trendpilot International ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its holdings in Pacer Trendpilot International ETF by 52.3% during the first quarter. Royal Bank of Canada now owns 40,013 shares of the company’s stock worth $1,173,000 after buying an additional 13,735 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Pacer Trendpilot International ETF by 14.9% in the first quarter. NewEdge Advisors LLC now owns 9,475 shares of the company’s stock valued at $278,000 after buying an additional 1,230 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Pacer Trendpilot International ETF by 160.8% during the 1st quarter. Jane Street Group LLC now owns 53,012 shares of the company’s stock valued at $1,554,000 after acquiring an additional 32,686 shares during the last quarter. Raymond James Financial Inc. lifted its position in shares of Pacer Trendpilot International ETF by 5.9% during the 2nd quarter. Raymond James Financial Inc. now owns 299,854 shares of the company’s stock valued at $8,699,000 after acquiring an additional 16,792 shares during the last quarter. Finally, MML Investors Services LLC bought a new stake in shares of Pacer Trendpilot International ETF during the 2nd quarter worth $2,632,000.

Pacer Trendpilot International ETF Stock Performance

Shares of NYSEARCA:PTIN traded down $0.70 during trading hours on Monday, hitting $35.90. 5,573 shares of the company’s stock traded hands, compared to its average volume of 19,509. Pacer Trendpilot International ETF has a 52 week low of $25.50 and a 52 week high of $37.52. The company’s fifty day simple moving average is $36.28 and its two-hundred day simple moving average is $34.53. The company has a market cap of $179.50 million, a price-to-earnings ratio of 16.15 and a beta of 0.54.

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.