Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) Short Interest Down 71.6% in May

Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) saw a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 32,162 shares, a drop of 71.6% from the May 14th total of 113,417 shares. Based on an average daily volume of 51,835 shares, the short-interest ratio is presently 0.6 days. Approximately 1.3% of the shares of the stock are sold short.

Hedge Funds Weigh In On Pacer Nasdaq International Patent Leaders ETF

A hedge fund recently bought a new stake in Pacer Nasdaq International Patent Leaders ETF stock. Mascagni Wealth Management Inc. bought a new stake in Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 21,871 shares of the company’s stock, valued at approximately $621,000. Mascagni Wealth Management Inc. owned approximately 0.89% of Pacer Nasdaq International Patent Leaders ETF at the end of the most recent reporting period.

Pacer Nasdaq International Patent Leaders ETF Price Performance

Shares of PATN stock traded up $1.67 on Thursday, hitting $36.35. 41,960 shares of the company’s stock were exchanged, compared to its average volume of 44,402. The company has a 50 day moving average of $33.19 and a 200 day moving average of $30.28. The stock has a market cap of $89.42 million, a P/E ratio of 18.15 and a beta of 0.99. Pacer Nasdaq International Patent Leaders ETF has a 12 month low of $22.18 and a 12 month high of $38.17.

Pacer Nasdaq International Patent Leaders ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, June 8th. Stockholders of record on Thursday, June 4th were paid a $0.049 dividend. The ex-dividend date was Thursday, June 4th.

Pacer Nasdaq International Patent Leaders ETF Company Profile

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.