Short Interest in Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Decreases By 58.0%

Posted by Paula Ricardo on Dec 27th, 2024

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ – Get Free Report) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totalling 17,900 shares, a decline of 58.0% from the November 30th total of 42,600 shares. Based on an average daily trading volume, of 40,900 shares, the days-to-cover ratio is presently 0.4 days.

Pacer Trendpilot 100 ETF Trading Down 0.0 %

NASDAQ:PTNQ opened at $77.15 on Friday. The business’s fifty day moving average price is $75.28 and its 200 day moving average price is $73.15. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 35.78 and a beta of 0.68. Pacer Trendpilot 100 ETF has a 1-year low of $64.19 and a 1-year high of $77.83.

Hedge Funds Weigh In On Pacer Trendpilot 100 ETF

A number of large investors have recently made changes to their positions in the business. NewEdge Advisors LLC grew its position in Pacer Trendpilot 100 ETF by 0.7% during the second quarter. NewEdge Advisors LLC now owns 84,710 shares of the company’s stock valued at $6,107,000 after purchasing an additional 628 shares in the last quarter. Sigma Planning Corp increased its stake in shares of Pacer Trendpilot 100 ETF by 6.9% in the third quarter. Sigma Planning Corp now owns 15,177 shares of the company’s stock worth $1,113,000 after acquiring an additional 982 shares during the last quarter. Vienna Asset Management LLC raised its holdings in shares of Pacer Trendpilot 100 ETF by 21.8% during the third quarter. Vienna Asset Management LLC now owns 39,176 shares of the company’s stock worth $2,873,000 after acquiring an additional 7,021 shares in the last quarter. Strategic Blueprint LLC purchased a new stake in shares of Pacer Trendpilot 100 ETF during the second quarter worth $208,000. Finally, Assetmark Inc. acquired a new stake in Pacer Trendpilot 100 ETF during the third quarter valued at $31,000.

Pacer Trendpilot 100 ETF Company Profile

(Get Free Report)

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.