Pacer Trendpilot US Mid Cap ETF (BATS:PTMC) Sees Large Decrease in Short Interest

Pacer Trendpilot US Mid Cap ETF (BATS:PTMC) was the target of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 7,885 shares, a decrease of 54.1% from the May 14th total of 17,175 shares. Based on an average trading volume of 18,359 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On Pacer Trendpilot US Mid Cap ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of Pacer Trendpilot US Mid Cap ETF by 34.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,865 shares of the company’s stock valued at $65,000 after acquiring an additional 479 shares during the period. Royal Bank of Canada increased its stake in Pacer Trendpilot US Mid Cap ETF by 0.5% in the 1st quarter. Royal Bank of Canada now owns 127,218 shares of the company’s stock worth $4,402,000 after buying an additional 586 shares during the period. Stifel Financial Corp increased its stake in Pacer Trendpilot US Mid Cap ETF by 0.7% in the 4th quarter. Stifel Financial Corp now owns 96,181 shares of the company’s stock worth $3,431,000 after buying an additional 658 shares during the period. Geneos Wealth Management Inc. increased its stake in Pacer Trendpilot US Mid Cap ETF by 1.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 70,215 shares of the company’s stock worth $2,568,000 after buying an additional 902 shares during the period. Finally, Capital Investment Advisory Services LLC increased its stake in Pacer Trendpilot US Mid Cap ETF by 14.3% in the 4th quarter. Capital Investment Advisory Services LLC now owns 8,016 shares of the company’s stock worth $286,000 after buying an additional 1,003 shares during the period.

Pacer Trendpilot US Mid Cap ETF Trading Up 0.8%

Shares of PTMC opened at $41.19 on Friday. Pacer Trendpilot US Mid Cap ETF has a twelve month low of $33.60 and a twelve month high of $41.34. The company has a market cap of $516.93 million, a P/E ratio of 17.49 and a beta of 0.55. The company’s fifty day simple moving average is $39.45 and its 200-day simple moving average is $37.99.

About Pacer Trendpilot US Mid Cap ETF

The Pacer Trendpilot US Mid Cap ETF (PTMC) is an exchange-traded fund that is based on the Pacer Trendpilot US Mid Cap index. The fund tracks an index that allocates to a proprietary US mid-cap Index and\u002For 3-month US T-bills, according to momentum. PTMC was launched on Jun 11, 2015 and is managed by Pacer.