Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN – Get Free Report) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 113,417 shares, an increase of 394.0% from the April 30th total of 22,958 shares. Based on an average daily trading volume, of 89,786 shares, the days-to-cover ratio is currently 1.3 days. Approximately 4.6% of the shares of the stock are short sold.
Pacer Nasdaq International Patent Leaders ETF Price Performance
Shares of PATN stock traded up $0.50 on Thursday, hitting $36.89. 18,251 shares of the company’s stock were exchanged, compared to its average volume of 38,973. Pacer Nasdaq International Patent Leaders ETF has a 12 month low of $22.14 and a 12 month high of $36.89. The stock has a market cap of $90.75 million, a P/E ratio of 18.15 and a beta of 0.89. The company has a 50 day moving average of $31.59 and a 200 day moving average of $29.59.
Hedge Funds Weigh In On Pacer Nasdaq International Patent Leaders ETF
A hedge fund recently bought a new stake in Pacer Nasdaq International Patent Leaders ETF stock. Mascagni Wealth Management Inc. bought a new position in Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN – Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 21,871 shares of the company’s stock, valued at approximately $621,000. Mascagni Wealth Management Inc. owned approximately 0.89% of Pacer Nasdaq International Patent Leaders ETF as of its most recent SEC filing.
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.
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