Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Short Interest Update

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 298 shares, a decrease of 96.8% from the August 15th total of 9,233 shares. Based on an average daily volume of 47,204 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Pacer Trendpilot 100 ETF Stock Down 1.0%

PTNQ traded down $0.88 during midday trading on Thursday, reaching $85.40. 13,007 shares of the company’s stock were exchanged, compared to its average volume of 35,846. The business has a 50-day simple moving average of $85.66 and a two-hundred day simple moving average of $82.82. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 33.04 and a beta of 0.66. Pacer Trendpilot 100 ETF has a one year low of $71.56 and a one year high of $90.15.

Hedge Funds Weigh In On Pacer Trendpilot 100 ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Cetera Investment Advisers boosted its stake in Pacer Trendpilot 100 ETF by 0.7% in the 4th quarter. Cetera Investment Advisers now owns 649,198 shares of the company’s stock valued at $51,059,000 after buying an additional 4,397 shares in the last quarter. NewEdge Advisors LLC raised its stake in Pacer Trendpilot 100 ETF by 3.2% during the second quarter. NewEdge Advisors LLC now owns 158,702 shares of the company’s stock worth $14,069,000 after acquiring an additional 4,984 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of Pacer Trendpilot 100 ETF by 18.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 105,316 shares of the company’s stock valued at $8,283,000 after acquiring an additional 16,466 shares during the period. HighTower Advisors LLC lifted its holdings in shares of Pacer Trendpilot 100 ETF by 12.4% during the fourth quarter. HighTower Advisors LLC now owns 99,637 shares of the company’s stock valued at $7,836,000 after acquiring an additional 11,001 shares during the period. Finally, Stifel Financial Corp lifted its holdings in shares of Pacer Trendpilot 100 ETF by 9.4% during the fourth quarter. Stifel Financial Corp now owns 78,761 shares of the company’s stock valued at $6,195,000 after acquiring an additional 6,782 shares during the period.

About Pacer Trendpilot 100 ETF

The Pacer Trendpilot 100 ETF (PTNQ) is an exchange-traded fund that is based on the Pacer NASDAQ-100 Trendpilot index. The fund tracks an index that holds the NASDAQ-100 securities and/or 3-month US T-bills according to momentum. PTNQ was launched on Jun 11, 2015 and is managed by Pacer.