Pacer Trendpilot US Large Cap ETF (BATS:PTLC) Sees Significant Decline in Short Interest

Pacer Trendpilot US Large Cap ETF (BATS:PTLC) was the target of a large drop in short interest in July. As of July 15th, there was short interest totaling 13,674 shares, a drop of 69.1% from the June 30th total of 44,295 shares. Based on an average trading volume of 103,755 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Pacer Trendpilot US Large Cap ETF Stock Performance

PTLC traded up $0.02 during mid-day trading on Monday, reaching $57.65. 56,772 shares of the stock were exchanged, compared to its average volume of 130,423. The stock has a market capitalization of $3.77 billion, a PE ratio of 25.78 and a beta of 0.60. The company has a 50 day moving average price of $58.06 and a two-hundred day moving average price of $56.30. Pacer Trendpilot US Large Cap ETF has a 1 year low of $50.84 and a 1 year high of $59.15.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PTLC. Goldman Sachs Group Inc. grew its position in Pacer Trendpilot US Large Cap ETF by 8.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 16,147 shares of the company’s stock worth $831,000 after purchasing an additional 1,291 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Pacer Trendpilot US Large Cap ETF during the 2nd quarter worth approximately $1,607,000. Camarda Financial Advisors LLC boosted its stake in shares of Pacer Trendpilot US Large Cap ETF by 7.5% in the 2nd quarter. Camarda Financial Advisors LLC now owns 24,905 shares of the company’s stock worth $1,264,000 after buying an additional 1,737 shares during the last quarter. Vienna Asset Management LLC grew its holdings in shares of Pacer Trendpilot US Large Cap ETF by 36.1% in the second quarter. Vienna Asset Management LLC now owns 108,772 shares of the company’s stock valued at $5,521,000 after acquiring an additional 28,860 shares in the last quarter. Finally, Benjamin Edwards Inc. bought a new position in shares of Pacer Trendpilot US Large Cap ETF in the second quarter valued at approximately $208,000.

Pacer Trendpilot US Large Cap ETF Company Profile

The Pacer Trendpilot US Large Cap ETF (PTLC) is an exchange-traded fund that is based on the Pacer Trendpilot US Large Cap index. The fund tracks an index that allocates to a proprietary US large-cap index and\u002For 3-month US T-bills, according to momentum. PTLC was launched on Jun 11, 2015 and is managed by Pacer.