Short Interest in Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) Grows By 394.0%

Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 113,417 shares, an increase of 394.0% from the April 30th total of 22,958 shares. Based on an average daily volume of 89,786 shares, the short-interest ratio is presently 1.3 days. Currently, 4.6% of the company’s stock are short sold.

Hedge Funds Weigh In On Pacer Nasdaq International Patent Leaders ETF

An institutional investor recently bought a new position in Pacer Nasdaq International Patent Leaders ETF stock. Mascagni Wealth Management Inc. purchased a new position in Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 21,871 shares of the company’s stock, valued at approximately $621,000. Mascagni Wealth Management Inc. owned about 0.89% of Pacer Nasdaq International Patent Leaders ETF at the end of the most recent reporting period.

Pacer Nasdaq International Patent Leaders ETF Trading Up 0.5%

PATN traded up $0.17 during trading on Friday, hitting $37.02. 104,739 shares of the company’s stock traded hands, compared to its average volume of 39,800. The company’s 50 day simple moving average is $31.89 and its two-hundred day simple moving average is $29.72. Pacer Nasdaq International Patent Leaders ETF has a 12-month low of $22.14 and a 12-month high of $37.16. The stock has a market capitalization of $91.07 million, a price-to-earnings ratio of 18.15 and a beta of 0.89.

About Pacer Nasdaq International Patent Leaders ETF

The Pacer Nasdaq International Patent Leaders ETF (PATN) is an exchange-traded fund that is based on the Nasdaq International Patent Leaders index. The fund seeks to track an index of the top 100 international large- and midcap growth companies, as measured by patent valuations. Holdings are weighted by market capitalization. PATN was launched on Sep 16, 2024 and is issued by Pacer.