Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) Short Interest Up 370.1% in June

Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 270,324 shares, a growth of 370.1% from the June 15th total of 57,508 shares. Currently, 5.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 125,821 shares, the days-to-cover ratio is presently 2.1 days.

Pacer Nasdaq International Patent Leaders ETF Stock Performance

Shares of NASDAQ PATN remained flat at $36.17 during mid-day trading on Friday. 83,566 shares of the stock traded hands, compared to its average volume of 53,970. Pacer Nasdaq International Patent Leaders ETF has a 12 month low of $23.01 and a 12 month high of $38.85. The firm’s fifty day moving average price is $35.86 and its two-hundred day moving average price is $31.77. The firm has a market cap of $186.64 million, a P/E ratio of 18.15 and a beta of 0.99.

Pacer Nasdaq International Patent Leaders ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, June 8th. Investors of record on Thursday, June 4th were given a dividend of $0.049 per share. The ex-dividend date was Thursday, June 4th.

Institutional Investors 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 Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) in the 1st quarter, according to the company in its most recent 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 about 0.89% of Pacer Nasdaq International Patent Leaders ETF as of its most recent filing with the SEC.

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.