Short Interest in Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Decreases By 18.7%

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) saw a large decline in short interest in September. As of September 15th, there was short interest totalling 20,000 shares, a decline of 18.7% from the August 31st total of 24,600 shares. Based on an average daily trading volume, of 44,400 shares, the short-interest ratio is currently 0.5 days.

Pacer Trendpilot 100 ETF Price Performance

NASDAQ:PTNQ traded down $0.28 during trading hours on Friday, hitting $73.17. The company’s stock had a trading volume of 47,844 shares, compared to its average volume of 52,148. Pacer Trendpilot 100 ETF has a twelve month low of $60.27 and a twelve month high of $74.13. The stock has a fifty day simple moving average of $71.36 and a 200-day simple moving average of $70.37. The company has a market capitalization of $1.30 billion, a P/E ratio of 35.78 and a beta of 0.68.

Institutional Investors Weigh In On Pacer Trendpilot 100 ETF

Hedge funds have recently made changes to their positions in the stock. Cetera Investment Advisers increased its position in Pacer Trendpilot 100 ETF by 1.7% during the 2nd quarter. Cetera Investment Advisers now owns 394,702 shares of the company’s stock worth $28,454,000 after purchasing an additional 6,475 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of Pacer Trendpilot 100 ETF by 0.7% in the 2nd quarter. NewEdge Advisors LLC now owns 84,710 shares of the company’s stock valued at $6,107,000 after acquiring an additional 628 shares during the last quarter. Insigneo Advisory Services LLC bought a new position in shares of Pacer Trendpilot 100 ETF in the 2nd quarter valued at $375,000. CoreCap Advisors LLC acquired a new stake in shares of Pacer Trendpilot 100 ETF during the 2nd quarter valued at $2,068,000. Finally, LPL Financial LLC grew its position in Pacer Trendpilot 100 ETF by 3.1% during the 2nd quarter. LPL Financial LLC now owns 1,274,134 shares of the company’s stock worth $91,852,000 after acquiring an additional 38,671 shares during 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.