Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) Short Interest Down 71.6% in May

Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 32,162 shares, a decline of 71.6% from the May 14th total of 113,417 shares. Based on an average trading volume of 51,835 shares, the days-to-cover ratio is presently 0.6 days. Approximately 1.3% of the company’s shares are sold short.

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. acquired a new stake in shares of Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 21,871 shares of the company’s stock, valued at approximately $621,000. Mascagni Wealth Management Inc. owned 0.89% of Pacer Nasdaq International Patent Leaders ETF as of its most recent SEC filing.

Pacer Nasdaq International Patent Leaders ETF Stock Down 0.2%

PATN traded down $0.09 during trading hours on Friday, reaching $36.26. 39,789 shares of the company’s stock traded hands, compared to its average volume of 44,361. The firm has a 50-day moving average price of $33.35 and a 200 day moving average price of $30.36. Pacer Nasdaq International Patent Leaders ETF has a 52-week low of $22.18 and a 52-week high of $38.17. The firm has a market capitalization of $89.20 million, a PE ratio of 18.15 and a beta of 0.99.

Pacer Nasdaq International Patent Leaders ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Monday, June 8th. Investors of record on Thursday, June 4th were issued 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.