Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Short Interest Update

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) was the recipient of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 13,500 shares, a decrease of 91.7% from the October 15th total of 162,600 shares. Based on an average daily trading volume, of 38,000 shares, the days-to-cover ratio is presently 0.4 days.

Pacer Trendpilot 100 ETF Trading Down 0.0 %

Shares of Pacer Trendpilot 100 ETF stock traded down $0.03 during trading hours on Wednesday, reaching $75.46. The stock had a trading volume of 36,962 shares, compared to its average volume of 50,033. The stock’s 50 day moving average is $73.12 and its 200 day moving average is $71.69. Pacer Trendpilot 100 ETF has a twelve month low of $63.84 and a twelve month high of $75.71. The firm has a market capitalization of $1.36 billion, a PE ratio of 35.78 and a beta of 0.68.

Hedge Funds Weigh In On Pacer Trendpilot 100 ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PTNQ. Assetmark Inc. acquired a new position in shares of Pacer Trendpilot 100 ETF during the 3rd quarter worth about $31,000. Ridgewood Investments LLC purchased a new stake in Pacer Trendpilot 100 ETF during the 2nd quarter worth approximately $40,000. PSI Advisors LLC raised its holdings in shares of Pacer Trendpilot 100 ETF by 69.5% during the second quarter. PSI Advisors LLC now owns 1,158 shares of the company’s stock valued at $83,000 after acquiring an additional 475 shares during the last quarter. Concourse Financial Group Securities Inc. boosted its stake in shares of Pacer Trendpilot 100 ETF by 355.0% in the second quarter. Concourse Financial Group Securities Inc. now owns 1,820 shares of the company’s stock worth $131,000 after acquiring an additional 1,420 shares during the last quarter. Finally, NBC Securities Inc. increased its position in shares of Pacer Trendpilot 100 ETF by 17.2% during the third quarter. NBC Securities Inc. now owns 2,468 shares of the company’s stock worth $180,000 after purchasing an additional 363 shares in the last quarter.

About Pacer Trendpilot 100 ETF

The Pacer Trendpilot 100 ETF (PTNQ) is an exchange-traded fund that is based on the Pacer NASDAQ-100 Trendpilot index. The fund tracks an index that holds the NASDAQ-100 securities and/or 3-month US T-bills according to momentum. PTNQ was launched on Jun 11, 2015 and is managed by Pacer.