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

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 19,200 shares, an increase of 23.9% from the February 28th total of 15,500 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 58,500 shares, the days-to-cover ratio is presently 0.3 days.

Pacer Trendpilot 100 ETF Stock Performance

PTNQ traded up $0.11 on Tuesday, reaching $71.12. The company had a trading volume of 44,296 shares, compared to its average volume of 49,032. The stock has a market cap of $1.28 billion, a P/E ratio of 31.54 and a beta of 0.68. Pacer Trendpilot 100 ETF has a fifty-two week low of $66.14 and a fifty-two week high of $77.83. The company’s fifty day moving average is $73.99 and its 200 day moving average is $74.33.

Hedge Funds Weigh In On Pacer Trendpilot 100 ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC boosted its stake in Pacer Trendpilot 100 ETF by 54.5% in the 3rd quarter. Jane Street Group LLC now owns 6,681 shares of the company’s stock valued at $490,000 after purchasing an additional 2,358 shares during the period. Merit Financial Group LLC bought a new stake in shares of Pacer Trendpilot 100 ETF in the fourth quarter valued at about $331,000. Janney Montgomery Scott LLC grew its stake in shares of Pacer Trendpilot 100 ETF by 9.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 25,759 shares of the company’s stock valued at $1,907,000 after acquiring an additional 2,157 shares in the last quarter. Sanctuary Advisors LLC bought a new position in Pacer Trendpilot 100 ETF during the fourth quarter worth about $229,000. Finally, Tyche Wealth Partners LLC raised its stake in Pacer Trendpilot 100 ETF by 22.0% in the 4th quarter. Tyche Wealth Partners LLC now owns 3,361 shares of the company’s stock worth $249,000 after purchasing an additional 607 shares in the last quarter.

Pacer Trendpilot 100 ETF Company Profile

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.