Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Short Interest Up 331.5% in May

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 19,819 shares, an increase of 331.5% from the May 14th total of 4,593 shares. Based on an average daily trading volume, of 31,939 shares, the short-interest ratio is currently 0.6 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Trading of Pacer Trendpilot 100 ETF

Several large investors have recently modified their holdings of PTNQ. Baird Financial Group Inc. purchased a new position in Pacer Trendpilot 100 ETF during the first quarter valued at $244,000. Northwestern Mutual Wealth Management Co. purchased a new position in Pacer Trendpilot 100 ETF during the second quarter valued at $58,000. NewEdge Advisors LLC lifted its position in Pacer Trendpilot 100 ETF by 76.8% during the second quarter. NewEdge Advisors LLC now owns 149,890 shares of the company’s stock valued at $10,698,000 after purchasing an additional 65,118 shares in the last quarter. Jane Street Group LLC purchased a new position in Pacer Trendpilot 100 ETF during the second quarter valued at $672,000. Finally, Camarda Financial Advisors LLC lifted its position in Pacer Trendpilot 100 ETF by 14.6% during the second quarter. Camarda Financial Advisors LLC now owns 7,701 shares of the company’s stock valued at $550,000 after purchasing an additional 980 shares in the last quarter.

Pacer Trendpilot 100 ETF Price Performance

Pacer Trendpilot 100 ETF stock traded up $0.58 during midday trading on Friday, reaching $86.99. 18,598 shares of the company traded hands, compared to its average volume of 37,330. Pacer Trendpilot 100 ETF has a 12 month low of $67.68 and a 12 month high of $90.15. The business has a 50 day moving average of $82.16 and a two-hundred day moving average of $79.70. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 33.04 and a beta of 0.65.

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.