Pacer WealthShield ETF (BATS:PWS) Short Interest Update

Pacer WealthShield ETF (BATS:PWS) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 1,351 shares, a drop of 39.8% from the May 31st total of 2,246 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 2,165 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On Pacer WealthShield ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Ascentis Independent Advisors acquired a new stake in Pacer WealthShield ETF during the first quarter valued at $163,000. Kestra Advisory Services LLC purchased a new position in Pacer WealthShield ETF in the 4th quarter valued at $181,000. Jane Street Group LLC acquired a new position in Pacer WealthShield ETF during the fourth quarter worth about $229,000. Finally, Royal Bank of Canada grew its position in shares of Pacer WealthShield ETF by 258.9% in the fourth quarter. Royal Bank of Canada now owns 21,019 shares of the company’s stock valued at $679,000 after purchasing an additional 15,163 shares in the last quarter.

Pacer WealthShield ETF Stock Down 0.7%

Shares of BATS:PWS opened at $32.58 on Thursday. The company has a market capitalization of $27.69 million, a price-to-earnings ratio of 23.24 and a beta of 0.55. Pacer WealthShield ETF has a 52 week low of $30.15 and a 52 week high of $33.71. The firm has a 50 day moving average of $32.01 and a 200 day moving average of $32.44.

About Pacer WealthShield ETF

The Pacer WealthShield ETF (PWS) is an exchange-traded fund that is based on the Pacer WealthShield index. The fund tracks an index that toggles between equity and Treasurys, or a combination of both, on a monthly basis depending on monthly moving averages. PWS was launched on Dec 11, 2017 and is managed by Pacer.