Short Interest in Pacer Trendpilot International ETF (NYSEARCA:PTIN) Rises By 458.3%

Pacer Trendpilot International ETF (NYSEARCA:PTIN) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 179,481 shares, a growth of 458.3% from the May 31st total of 32,147 shares. Based on an average trading volume of 18,892 shares, the short-interest ratio is presently 9.5 days. Approximately 3.4% of the shares of the stock are short sold.

Institutional Investors Weigh In On Pacer Trendpilot International ETF

Hedge funds have recently made changes to their positions in the company. AlphaCore Capital LLC bought a new position in Pacer Trendpilot International ETF during the 4th quarter valued at about $6,249,000. Empirical Finance LLC acquired a new stake in shares of Pacer Trendpilot International ETF during the first quarter worth approximately $6,279,000. MML Investors Services LLC acquired a new stake in shares of Pacer Trendpilot International ETF during the second quarter worth approximately $2,632,000. Jane Street Group LLC raised its stake in shares of Pacer Trendpilot International ETF by 165.6% in the second quarter. Jane Street Group LLC now owns 140,800 shares of the company’s stock valued at $4,085,000 after acquiring an additional 87,788 shares during the last quarter. Finally, Susquehanna International Group LLP bought a new position in shares of Pacer Trendpilot International ETF in the third quarter valued at approximately $725,000.

Pacer Trendpilot International ETF Stock Down 0.2%

Pacer Trendpilot International ETF stock traded down $0.09 during mid-day trading on Friday, hitting $36.60. 2,092 shares of the company were exchanged, compared to its average volume of 19,910. The company has a market capitalization of $192.15 million, a PE ratio of 16.15 and a beta of 0.54. The business has a fifty day moving average of $35.84 and a 200 day moving average of $34.15. Pacer Trendpilot International ETF has a 1-year low of $25.50 and a 1-year high of $37.52.

About Pacer Trendpilot International ETF

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.