Pacer Trendpilot 100 ETF (NASDAQ:PTNQ – Get Free Report) saw a significant increase in short interest in July. As of July 15th, there was short interest totaling 1,549 shares, an increase of 254.5% from the June 30th total of 437 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 22,846 shares, the short-interest ratio is presently 0.1 days.
Pacer Trendpilot 100 ETF Stock Down 0.5%
Shares of NASDAQ:PTNQ traded down $0.41 during mid-day trading on Tuesday, reaching $81.83. 34,126 shares of the stock were exchanged, compared to its average volume of 35,480. The stock’s 50 day simple moving average is $86.61 and its 200-day simple moving average is $81.20. The company has a market cap of $1.19 billion, a P/E ratio of 33.04 and a beta of 0.65. Pacer Trendpilot 100 ETF has a one year low of $71.25 and a one year high of $90.15.
Hedge Funds Weigh In On Pacer Trendpilot 100 ETF
Several large investors have recently bought and sold shares of PTNQ. Western Wealth Management LLC increased its stake in shares of Pacer Trendpilot 100 ETF by 0.8% in the first quarter. Western Wealth Management LLC now owns 44,571 shares of the company’s stock valued at $3,252,000 after buying an additional 363 shares during the period. Ashton Thomas Securities LLC bought a new stake in shares of Pacer Trendpilot 100 ETF in the 1st quarter valued at $2,682,000. IFS Group LLC acquired a new stake in shares of Pacer Trendpilot 100 ETF during the first quarter worth $583,000. Empirical Finance LLC bought a new position in Pacer Trendpilot 100 ETF during the first quarter worth $3,455,000. Finally, Independent Financial Group LLC bought a new stake in Pacer Trendpilot 100 ETF during the first quarter valued at $375,000.
About Pacer Trendpilot 100 ETF
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.
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