Pacer Trendpilot International ETF (NYSEARCA:PTIN) Short Interest Update

Pacer Trendpilot International ETF (NYSEARCA:PTIN) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 29,851 shares, a growth of 69.1% from the April 30th total of 17,656 shares. Based on an average trading volume of 8,655 shares, the days-to-cover ratio is presently 3.4 days. Approximately 0.6% of the shares of the stock are short sold.

Hedge Funds Weigh In On Pacer Trendpilot International ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Assetmark Inc. bought a new stake in Pacer Trendpilot International ETF during the third quarter worth about $30,000. International Assets Investment Management LLC bought a new position in shares of Pacer Trendpilot International ETF in the fourth quarter valued at approximately $30,000. Orion Porfolio Solutions LLC bought a new position in shares of Pacer Trendpilot International ETF in the second quarter valued at approximately $201,000. MGO One Seven LLC acquired a new position in shares of Pacer Trendpilot International ETF in the 4th quarter worth approximately $206,000. Finally, NewEdge Advisors LLC grew its position in Pacer Trendpilot International ETF by 14.9% during the 1st quarter. NewEdge Advisors LLC now owns 9,475 shares of the company’s stock worth $278,000 after acquiring an additional 1,230 shares during the last quarter.

Pacer Trendpilot International ETF Stock Performance

Shares of NYSEARCA PTIN traded down $0.21 during midday trading on Wednesday, reaching $36.81. 5,056 shares of the company traded hands, compared to its average volume of 20,537. Pacer Trendpilot International ETF has a 12 month low of $25.50 and a 12 month high of $37.04. The stock’s 50-day simple moving average is $34.58 and its 200-day simple moving average is $33.46. The firm has a market cap of $193.25 million, a PE ratio of 16.15 and a beta of 0.53.

Pacer Trendpilot International ETF Company Profile

The Pacer Trendpilot International ETF (PTIN) is an exchange-traded fund that is based on the Pacer Trendpilot International index. The fund tracks an index that allocates to a proprietary ex-US Large-Cap Index and\u002For 3-month US T-bills, according to momentum. PTIN was launched on May 2, 2019 and is managed by Pacer.