Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) Short Interest Up 63.6% in July

Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totaling 114,218 shares, a growth of 63.6% from the July 15th total of 69,826 shares. Based on an average trading volume of 174,217 shares, the days-to-cover ratio is currently 0.7 days. Approximately 1.9% of the company’s stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Pacer Nasdaq International Patent Leaders ETF stock. Mascagni Wealth Management Inc. purchased a new stake in shares of Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

Pacer Nasdaq International Patent Leaders ETF Stock Performance

Shares of PATN traded up $0.23 during trading hours on Monday, hitting $36.55. The company had a trading volume of 244,541 shares, compared to its average volume of 66,434. The firm has a fifty day moving average price of $35.69 and a 200-day moving average price of $32.99. The stock has a market capitalization of $215.64 million, a price-to-earnings ratio of 18.15 and a beta of 1.03. Pacer Nasdaq International Patent Leaders ETF has a 52-week low of $23.83 and a 52-week high of $38.85.

Pacer Nasdaq International Patent Leaders ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, June 8th. Shareholders of record on Thursday, June 4th were paid a dividend of $0.049 per share. The ex-dividend date was Thursday, June 4th.

Pacer Nasdaq International Patent Leaders ETF Company Profile

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.