Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) Shares Shorted: Short Interest Up 573.0% in September

Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 31,792 shares, a growth of 573.0% from the September 15th total of 4,724 shares. Based on an average daily volume of 158,225 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.3% of the company’s shares are short sold.

Institutional Investors Weigh In On Pacer Nasdaq International Patent Leaders ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mascagni Wealth Management Inc. bought a new stake in Pacer Nasdaq International Patent Leaders ETF in the 1st quarter worth $621,000. Sankala Group LLC purchased a new position in shares of Pacer Nasdaq International Patent Leaders ETF in the fourth quarter valued at about $201,000. Finally, Farther Finance Advisors LLC increased its position in shares of Pacer Nasdaq International Patent Leaders ETF by 1,086.8% in the third quarter. Farther Finance Advisors LLC now owns 2,967 shares of the company’s stock valued at $106,000 after acquiring an additional 2,717 shares during the period.

Pacer Nasdaq International Patent Leaders ETF Trading Up 0.7%

Shares of NASDAQ:PATN traded up $0.25 during trading on Friday, reaching $35.47. 77,742 shares of the company traded hands, compared to its average volume of 82,239. The firm has a market capitalization of $356.83 million, a price-to-earnings ratio of 18.15 and a beta of 1.03. Pacer Nasdaq International Patent Leaders ETF has a 52-week low of $25.71 and a 52-week high of $38.85. The business’s fifty day moving average is $35.74 and its 200-day moving average is $34.58.

Pacer Nasdaq International Patent Leaders ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Thursday, September 3rd were paid a $0.0530 dividend. This represents a $0.21 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, September 3rd.

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.