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

Pacer Trendpilot US Mid Cap ETF (BATS:PTMC) was the recipient of a large decrease in short interest in August. As of August 14th, there was short interest totaling 8,887 shares, a decrease of 58.5% from the July 30th total of 21,411 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 17,475 shares, the days-to-cover ratio is currently 0.5 days.

Pacer Trendpilot US Mid Cap ETF Stock Performance

BATS PTMC opened at $41.50 on Friday. Pacer Trendpilot US Mid Cap ETF has a one year low of $34.11 and a one year high of $42.61. The company’s 50 day moving average price is $41.36 and its 200 day moving average price is $39.67. The firm has a market capitalization of $520.83 million, a price-to-earnings ratio of 17.49 and a beta of 0.55.

Hedge Funds Weigh In On Pacer Trendpilot US Mid Cap ETF

Several hedge funds and other institutional investors have recently made changes to their positions in PTMC. Empirical Finance LLC raised its position in Pacer Trendpilot US Mid Cap ETF by 496.6% in the fourth quarter. Empirical Finance LLC now owns 288,842 shares of the company’s stock valued at $10,303,000 after purchasing an additional 240,431 shares during the period. NewEdge Advisors LLC boosted its position in shares of Pacer Trendpilot US Mid Cap ETF by 93.6% in the second quarter. NewEdge Advisors LLC now owns 256,104 shares of the company’s stock worth $8,933,000 after buying an additional 123,836 shares during the period. Susquehanna International Group LLP boosted its position in shares of Pacer Trendpilot US Mid Cap ETF by 260.2% in the third quarter. Susquehanna International Group LLP now owns 45,239 shares of the company’s stock worth $1,620,000 after buying an additional 32,681 shares during the period. Geneos Wealth Management Inc. grew its position in Pacer Trendpilot US Mid Cap ETF by 39.7% in the second quarter. Geneos Wealth Management Inc. now owns 67,594 shares of the company’s stock valued at $2,358,000 after acquiring an additional 19,196 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in 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 worth $6,128,000 after buying an additional 15,006 shares during the period.

About Pacer Trendpilot US Mid Cap ETF

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.