Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Sees Large Decrease in Short Interest

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) was the target of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 13,500 shares, a decline of 91.7% from the October 15th total of 162,600 shares. Based on an average daily volume of 38,000 shares, the days-to-cover ratio is presently 0.4 days.

Pacer Trendpilot 100 ETF Stock Performance

Shares of NASDAQ PTNQ traded down $0.03 during midday trading on Wednesday, hitting $75.46. 36,962 shares of the company traded hands, compared to its average volume of 50,033. Pacer Trendpilot 100 ETF has a 12-month low of $63.84 and a 12-month high of $75.71. The firm has a market cap of $1.36 billion, a P/E ratio of 35.78 and a beta of 0.68. The stock has a 50-day moving average price of $73.12 and a 200 day moving average price of $71.69.

Institutional Investors Weigh In On Pacer Trendpilot 100 ETF

Several hedge funds have recently made changes to their positions in PTNQ. Assetmark Inc. purchased a new position in Pacer Trendpilot 100 ETF during the third quarter valued at $31,000. Ridgewood Investments LLC bought a new stake in Pacer Trendpilot 100 ETF during the second quarter worth about $40,000. PSI Advisors LLC grew its holdings in Pacer Trendpilot 100 ETF by 69.5% in the second quarter. PSI Advisors LLC now owns 1,158 shares of the company’s stock worth $83,000 after purchasing an additional 475 shares during the period. Concourse Financial Group Securities Inc. increased its stake in shares of Pacer Trendpilot 100 ETF by 355.0% during the second quarter. Concourse Financial Group Securities Inc. now owns 1,820 shares of the company’s stock valued at $131,000 after purchasing an additional 1,420 shares in the last quarter. Finally, NBC Securities Inc. boosted its position in shares of Pacer Trendpilot 100 ETF by 17.2% in the 3rd quarter. NBC Securities Inc. now owns 2,468 shares of the company’s stock worth $180,000 after purchasing an additional 363 shares in the last quarter.

Pacer Trendpilot 100 ETF Company Profile

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.