Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Shares Shorted: Short Interest Up 737.1% in September

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 16,927 shares, an increase of 737.1% from the September 15th total of 2,022 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 48,015 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On Pacer Trendpilot 100 ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in PTNQ. Concurrent Investment Advisors LLC raised its holdings in shares of Pacer Trendpilot 100 ETF by 0.7% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 28,926 shares of the company’s stock worth $2,564,000 after buying an additional 193 shares in the last quarter. Western Wealth Management LLC boosted its stake in Pacer Trendpilot 100 ETF by 0.8% in the 1st quarter. Western Wealth Management LLC now owns 44,571 shares of the company’s stock valued at $3,252,000 after buying an additional 363 shares in the last quarter. HBW Advisory Services LLC boosted its stake in Pacer Trendpilot 100 ETF by 12.0% in the 1st quarter. HBW Advisory Services LLC now owns 3,932 shares of the company’s stock valued at $287,000 after buying an additional 421 shares in the last quarter. Motiv8 Investments LLC bought a new stake in Pacer Trendpilot 100 ETF in the fourth quarter valued at $35,000. Finally, Farther Finance Advisors LLC grew its position in Pacer Trendpilot 100 ETF by 64.6% in the third quarter. Farther Finance Advisors LLC now owns 1,129 shares of the company’s stock valued at $101,000 after acquiring an additional 443 shares during the period.

Pacer Trendpilot 100 ETF Price Performance

Shares of PTNQ stock opened at $90.59 on Friday. Pacer Trendpilot 100 ETF has a one year low of $71.56 and a one year high of $91.90. The stock has a fifty day moving average price of $87.42 and a 200 day moving average price of $84.50. The stock has a market cap of $1.30 billion, a P/E ratio of 33.04 and a beta of 0.65.

Pacer Trendpilot 100 ETF Company Profile

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.