Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Short Interest Up 644.6% in August

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) saw a large growth in short interest in August. As of August 14th, there was short interest totaling 9,233 shares, a growth of 644.6% from the July 30th total of 1,240 shares. Based on an average daily trading volume, of 43,977 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On Pacer Trendpilot 100 ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameritas Advisory Services LLC increased its position in Pacer Trendpilot 100 ETF by 53.9% during the 2nd quarter. Ameritas Advisory Services LLC now owns 6,046 shares of the company’s stock worth $536,000 after purchasing an additional 2,117 shares in the last quarter. Unique Wealth LLC grew its stake in shares of Pacer Trendpilot 100 ETF by 324.6% during the second quarter. Unique Wealth LLC now owns 12,913 shares of the company’s stock worth $1,145,000 after buying an additional 9,872 shares during the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of Pacer Trendpilot 100 ETF by 0.7% during the second 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. Continuum Advisory LLC acquired a new position in shares of Pacer Trendpilot 100 ETF during the second quarter worth $94,000. Finally, Trust Co. of Vermont bought a new position in shares of Pacer Trendpilot 100 ETF in the 2nd quarter valued at $61,000.

Pacer Trendpilot 100 ETF Price Performance

NASDAQ:PTNQ traded up $0.91 during trading hours on Thursday, hitting $86.64. The company’s stock had a trading volume of 11,443 shares, compared to its average volume of 37,024. The stock has a fifty day simple moving average of $85.90 and a 200-day simple moving average of $82.16. The company has a market capitalization of $1.25 billion, a P/E ratio of 33.04 and a beta of 0.66. Pacer Trendpilot 100 ETF has a twelve month low of $71.56 and a twelve month high of $90.15.

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.