Pacer Trendpilot 100 ETF (NASDAQ:PTNQ – Get Free Report) saw a significant decline in short interest in June. As of June 15th, there was short interest totaling 605 shares, a decline of 96.9% from the May 31st total of 19,819 shares. Based on an average daily trading volume, of 31,172 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.
Pacer Trendpilot 100 ETF Price Performance
Shares of NASDAQ:PTNQ opened at $86.36 on Friday. The business’s 50 day simple moving average is $84.81 and its 200 day simple moving average is $80.27. Pacer Trendpilot 100 ETF has a 1 year low of $70.05 and a 1 year high of $90.15. The company has a market capitalization of $1.34 billion, a P/E ratio of 33.04 and a beta of 0.65.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the stock. Western Wealth Management LLC lifted its position in Pacer Trendpilot 100 ETF by 0.8% during the first quarter. Western Wealth Management LLC now owns 44,571 shares of the company’s stock worth $3,252,000 after purchasing an additional 363 shares during the period. Ashton Thomas Securities LLC bought a new position in Pacer Trendpilot 100 ETF in the 1st quarter valued at about $2,682,000. IFS Group LLC bought a new position in Pacer Trendpilot 100 ETF in the 1st quarter valued at about $583,000. Empirical Finance LLC acquired a new position in shares of Pacer Trendpilot 100 ETF in the 1st quarter valued at approximately $3,455,000. Finally, Independent Financial Group LLC acquired a new position in shares of Pacer Trendpilot 100 ETF in the 1st quarter valued at approximately $375,000.
About Pacer Trendpilot 100 ETF
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.
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