Pacer Trendpilot US Mid Cap ETF (BATS:PTMC) Sees Significant Decrease in Short Interest

Pacer Trendpilot US Mid Cap ETF (BATS:PTMC) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 8,887 shares, a decline of 58.5% from the July 30th total of 21,411 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 17,475 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On Pacer Trendpilot US Mid Cap ETF

Large investors have recently bought and sold shares of the stock. Royal Bank of Canada increased its holdings in shares of Pacer Trendpilot US Mid Cap ETF by 0.5% during the 1st quarter. Royal Bank of Canada now owns 127,218 shares of the company’s stock worth $4,402,000 after buying an additional 586 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Pacer Trendpilot US Mid Cap ETF by 34.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,865 shares of the company’s stock valued at $65,000 after acquiring an additional 479 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in Pacer Trendpilot US Mid Cap ETF by 93.6% in the second quarter. NewEdge Advisors LLC now owns 256,104 shares of the company’s stock valued at $8,933,000 after acquiring an additional 123,836 shares during the last quarter. Raymond James Financial Inc. grew its position in Pacer Trendpilot US Mid Cap ETF by 2.0% during the second quarter. Raymond James Financial Inc. now owns 274,482 shares of the company’s stock valued at $9,574,000 after acquiring an additional 5,349 shares during the period. Finally, Geneos Wealth Management Inc. grew its position in Pacer Trendpilot US Mid Cap ETF by 39.7% during the second quarter. Geneos Wealth Management Inc. now owns 67,594 shares of the company’s stock valued at $2,358,000 after acquiring an additional 19,196 shares during the period.

Pacer Trendpilot US Mid Cap ETF Price Performance

BATS PTMC opened at $41.50 on Friday. The company has a market cap of $520.83 million, a P/E ratio of 17.49 and a beta of 0.55. Pacer Trendpilot US Mid Cap ETF has a 12 month low of $34.11 and a 12 month high of $42.61. The company has a 50-day moving average of $41.36 and a 200-day moving average of $39.67.

Pacer Trendpilot US Mid Cap ETF Company Profile

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