Pacer WealthShield ETF (BATS:PWS) Short Interest Up 594.4% in August

Pacer WealthShield ETF (BATS:PWS) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 493 shares, an increase of 594.4% from the August 15th total of 71 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 977 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. IFP Advisors Inc purchased a new position in Pacer WealthShield ETF during the second quarter valued at $27,000. Ameritas Advisory Services LLC purchased a new position in shares of Pacer WealthShield ETF in the 2nd quarter worth about $51,000. Integrated Wealth Concepts LLC purchased a new position in shares of Pacer WealthShield ETF in the 2nd quarter worth about $55,000. Capital Analysts LLC bought a new position in Pacer WealthShield ETF in the 2nd quarter worth about $151,000. Finally, Ascentis Independent Advisors bought a new position in Pacer WealthShield ETF in the 1st quarter worth about $163,000.

Pacer WealthShield ETF Price Performance

Shares of BATS PWS opened at $32.69 on Friday. Pacer WealthShield ETF has a 1 year low of $31.18 and a 1 year high of $33.83. The firm has a 50-day moving average of $32.91 and a 200 day moving average of $32.40. The stock has a market cap of $27.79 million, a P/E ratio of 23.24 and a beta of 0.55.

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.