Pacer WealthShield ETF (BATS:PWS) Stock Short Interest Drops 93.9%

Pacer WealthShield ETF (BATS:PWS) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 84 shares, a decrease of 93.9% from the September 30th total of 1,383 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 34,484 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On Pacer WealthShield ETF

Several hedge funds have recently modified their holdings of the company. Sequoia Financial Advisors LLC acquired a new stake in shares of Pacer WealthShield ETF during the second quarter valued at about $46,968,000. Baird Financial Group Inc. acquired a new position in shares of Pacer WealthShield ETF in the second quarter valued at approximately $32,715,000. Teamwork Financial Advisors LLC acquired a new position in shares of Pacer WealthShield ETF in the second quarter valued at approximately $16,361,000. Envestnet Asset Management Inc. raised its holdings in Pacer WealthShield ETF by 1,250.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 441,072 shares of the company’s stock valued at $14,475,000 after buying an additional 408,413 shares during the last quarter. Finally, Anson Capital Inc. bought a new position in Pacer WealthShield ETF in the 2nd quarter valued at approximately $4,987,000.

Pacer WealthShield ETF Stock Performance

Shares of BATS PWS traded up $0.12 during trading hours on Monday, hitting $31.90. 28 shares of the stock were exchanged, compared to its average volume of 7,474. The company has a market cap of $27.11 million, a PE ratio of 23.24 and a beta of 0.55. The company’s fifty day simple moving average is $32.65 and its two-hundred day simple moving average is $32.38. Pacer WealthShield ETF has a 1-year low of $31.18 and a 1-year 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.