Pacer Trendpilot US Mid Cap ETF (BATS:PTMC) Sees Significant Growth in Short Interest

Pacer Trendpilot US Mid Cap ETF (BATS:PTMC) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 9,124 shares, a growth of 80.8% from the September 30th total of 5,046 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 18,413 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On Pacer Trendpilot US Mid Cap ETF

Large investors have recently modified their holdings of the stock. NewEdge Advisors LLC lifted its holdings in Pacer Trendpilot US Mid Cap ETF by 4.4% during the 1st quarter. NewEdge Advisors LLC now owns 263,828 shares of the company’s stock worth $9,648,000 after buying an additional 11,203 shares during the last quarter. MBL Wealth LLC raised its position in shares of Pacer Trendpilot US Mid Cap ETF by 3.7% during the 3rd quarter. MBL Wealth LLC now owns 234,076 shares of the company’s stock valued at $9,155,000 after acquiring an additional 8,281 shares in the last quarter. Royal Bank of Canada raised its position in shares of Pacer Trendpilot US Mid Cap ETF by 9.8% during the 1st quarter. Royal Bank of Canada now owns 167,570 shares of the company’s stock valued at $6,128,000 after acquiring an additional 15,006 shares in the last quarter. Bullock Wealth Management Group raised its position in shares of Pacer Trendpilot US Mid Cap ETF by 16.9% during the 3rd quarter. Bullock Wealth Management Group now owns 157,699 shares of the company’s stock valued at $6,223,000 after acquiring an additional 22,766 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its position in shares of Pacer Trendpilot US Mid Cap ETF by 1.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 70,215 shares of the company’s stock valued at $2,568,000 after acquiring an additional 902 shares in the last quarter.

Pacer Trendpilot US Mid Cap ETF Price Performance

BATS PTMC opened at $39.74 on Friday. The company has a market capitalization of $498.74 million, a price-to-earnings ratio of 17.49 and a beta of 0.55. Pacer Trendpilot US Mid Cap ETF has a 12 month low of $34.11 and a 12 month high of $42.61. The company’s fifty day moving average price is $40.02 and its two-hundred day moving average price is $39.54.

Pacer Trendpilot US Mid Cap ETF Company Profile

The Pacer Trendpilot US Mid Cap ETF (PTMC) is an exchange-traded fund that is based on the Pacer Trendpilot US Mid Cap index. The fund tracks an index that allocates to a proprietary US mid-cap Index and\u002For 3-month US T-bills, according to momentum. PTMC was launched on Jun 11, 2015 and is managed by Pacer.