Short Interest in Pacer WealthShield ETF (BATS:PWS) Drops By 85.3%

Pacer WealthShield ETF (BATS:PWS) was the recipient of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 198 shares, a decrease of 85.3% from the June 15th total of 1,351 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 3,873 shares, the days-to-cover ratio is presently 0.1 days.

Pacer WealthShield ETF Price Performance

BATS PWS opened at $32.81 on Monday. The company has a market capitalization of $27.89 million, a PE ratio of 23.24 and a beta of 0.55. The company has a fifty day moving average of $32.11 and a 200 day moving average of $32.44. Pacer WealthShield ETF has a 1 year low of $30.34 and a 1 year high of $33.71.

Hedge Funds Weigh In On Pacer WealthShield ETF

A number of institutional investors have recently modified their holdings of the stock. Royal Bank of Canada lifted its holdings in shares of Pacer WealthShield ETF by 113.8% in the 1st quarter. Royal Bank of Canada now owns 44,940 shares of the company’s stock valued at $1,439,000 after buying an additional 23,921 shares during the period. Jane Street Group LLC purchased a new stake in shares of Pacer WealthShield ETF in the first quarter worth about $414,000. Kestra Advisory Services LLC acquired a new stake in Pacer WealthShield ETF during the fourth quarter worth about $181,000. Finally, Ascentis Independent Advisors acquired a new stake in Pacer WealthShield ETF during the first quarter worth about $163,000.

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.