Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) Short Interest Up 370.1% in June

Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 270,324 shares, an increase of 370.1% from the June 15th total of 57,508 shares. Approximately 5.2% of the company’s shares are short sold. Based on an average trading volume of 125,821 shares, the days-to-cover ratio is currently 2.1 days.

Pacer Nasdaq International Patent Leaders ETF Price Performance

Shares of PATN remained flat at $36.17 during trading hours on Friday. The stock had a trading volume of 83,566 shares, compared to its average volume of 53,970. The firm has a fifty day simple moving average of $35.86 and a two-hundred day simple moving average of $31.77. The stock has a market capitalization of $186.64 million, a price-to-earnings ratio of 18.15 and a beta of 0.99. Pacer Nasdaq International Patent Leaders ETF has a twelve month low of $23.01 and a twelve month high of $38.85.

Pacer Nasdaq International Patent Leaders ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, June 8th. Shareholders of record on Thursday, June 4th were issued a dividend of $0.049 per share. The ex-dividend date of this dividend was Thursday, June 4th.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Pacer Nasdaq International Patent Leaders ETF stock. Mascagni Wealth Management Inc. purchased a new position in shares of Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 21,871 shares of the company’s stock, valued at approximately $621,000. Mascagni Wealth Management Inc. owned 0.89% of Pacer Nasdaq International Patent Leaders ETF at the end of the most recent reporting period.

About Pacer Nasdaq International Patent Leaders ETF

The Pacer Nasdaq International Patent Leaders ETF (PATN) is an exchange-traded fund that is based on the Nasdaq International Patent Leaders index. The fund seeks to track an index of the top 100 international large- and midcap growth companies, as measured by patent valuations. Holdings are weighted by market capitalization. PATN was launched on Sep 16, 2024 and is issued by Pacer.