Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Shares Shorted: Short Interest Up 737.1% in September

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 16,927 shares, an increase of 737.1% from the September 15th total of 2,022 shares. Based on an average daily volume of 48,015 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Ashton Thomas Securities LLC acquired a new position in Pacer Trendpilot 100 ETF in the first quarter worth $2,682,000. Retirement Planning Group LLC acquired a new stake in shares of Pacer Trendpilot 100 ETF in the first quarter valued at $572,000. Unique Wealth LLC raised its holdings in shares of Pacer Trendpilot 100 ETF by 324.6% in the second quarter. Unique Wealth LLC now owns 12,913 shares of the company’s stock valued at $1,145,000 after buying an additional 9,872 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Pacer Trendpilot 100 ETF by 18.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 105,316 shares of the company’s stock valued at $8,283,000 after buying an additional 16,466 shares during the last quarter. Finally, Kestra Advisory Services LLC raised its holdings in shares of Pacer Trendpilot 100 ETF by 26.7% in the first quarter. Kestra Advisory Services LLC now owns 69,636 shares of the company’s stock valued at $5,081,000 after buying an additional 14,691 shares during the last quarter.

Pacer Trendpilot 100 ETF Stock Up 0.5%

Shares of Pacer Trendpilot 100 ETF stock opened at $90.59 on Friday. Pacer Trendpilot 100 ETF has a 12-month low of $71.56 and a 12-month high of $91.90. The stock has a market capitalization of $1.30 billion, a P/E ratio of 33.04 and a beta of 0.65. The company has a 50-day simple moving average of $87.42 and a 200 day simple moving average of $84.50.

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.