Short Interest in Pacer WealthShield ETF (BATS:PWS) Expands By 1,665.4%

Pacer WealthShield ETF (BATS:PWS) saw a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 459 shares, an increase of 1,665.4% from the April 15th total of 26 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 2,310 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

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

Pacer WealthShield ETF Price Performance

PWS stock traded up $0.25 on Monday, reaching $31.99. The company’s stock had a trading volume of 722 shares, compared to its average volume of 9,518. Pacer WealthShield ETF has a 52 week low of $28.76 and a 52 week high of $33.71. The company has a market capitalization of $27.19 million, a P/E ratio of 23.24 and a beta of 0.55. The firm has a fifty day moving average of $32.17 and a two-hundred day moving average of $32.71.

Pacer WealthShield ETF Company Profile

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.