Short Interest in Pacer WealthShield ETF (BATS:PWS) Decreases By 46.6%

Pacer WealthShield ETF (BATS:PWS) was the recipient of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 71 shares, a decline of 46.6% from the July 30th total of 133 shares. Based on an average daily trading volume, of 1,146 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Investors Weigh In On Pacer WealthShield ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC purchased a new stake in Pacer WealthShield ETF in the 2nd quarter valued at about $51,000. Ascentis Independent Advisors purchased a new stake in Pacer WealthShield ETF in the 1st quarter worth about $163,000. Kestra Advisory Services LLC bought a new stake in Pacer WealthShield ETF in the 4th quarter valued at about $181,000. Jane Street Group LLC purchased a new stake in Pacer WealthShield ETF during the fourth quarter valued at about $229,000. Finally, Lionsbridge Wealth Management LLC bought a new position in Pacer WealthShield ETF during the second quarter worth about $290,000.

Pacer WealthShield ETF Stock Performance

Pacer WealthShield ETF stock opened at $33.25 on Friday. The stock has a market capitalization of $28.26 million, a price-to-earnings ratio of 23.24 and a beta of 0.55. The stock’s 50 day moving average price is $32.82 and its two-hundred day moving average price is $32.40. Pacer WealthShield ETF has a 52-week low of $30.85 and a 52-week high of $33.83.

About Pacer WealthShield ETF

The Pacer WealthShield ETF (PWS) is an exchange-traded fund that is based on the Pacer WealthShield index. The fund tracks an index that toggles between equity and Treasurys, or a combination of both, on a monthly basis depending on monthly moving averages. PWS was launched on Dec 11, 2017 and is managed by Pacer.