Short Interest in Pacer Trendpilot International ETF (NYSEARCA:PTIN) Rises By 458.3%

Pacer Trendpilot International ETF (NYSEARCA:PTIN) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 179,481 shares, a growth of 458.3% from the May 31st total of 32,147 shares. Based on an average trading volume of 18,892 shares, the days-to-cover ratio is currently 9.5 days. Approximately 3.4% of the shares of the company are sold short.

Institutional Investors Weigh In On Pacer Trendpilot International ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Assetmark Inc. bought a new position in shares of Pacer Trendpilot International ETF during the 3rd quarter worth about $30,000. International Assets Investment Management LLC acquired a new position in Pacer Trendpilot International ETF in the fourth quarter worth about $30,000. Orion Porfolio Solutions LLC bought a new position in Pacer Trendpilot International ETF during the second quarter worth about $201,000. MGO One Seven LLC acquired a new stake in Pacer Trendpilot International ETF during the fourth quarter valued at approximately $206,000. Finally, NewEdge Advisors LLC boosted its holdings in Pacer Trendpilot International ETF by 14.9% during the first quarter. NewEdge Advisors LLC now owns 9,475 shares of the company’s stock valued at $278,000 after purchasing an additional 1,230 shares in the last quarter.

Pacer Trendpilot International ETF Price Performance

Shares of PTIN traded down $0.09 on Friday, reaching $36.60. 2,092 shares of the stock traded hands, compared to its average volume of 19,910. The firm has a market cap of $192.15 million, a price-to-earnings ratio of 16.15 and a beta of 0.54. Pacer Trendpilot International ETF has a 12 month low of $25.50 and a 12 month high of $37.52. The stock’s 50-day moving average price is $35.84 and its 200-day moving average price is $34.15.

Pacer Trendpilot International ETF Company Profile

The Pacer Trendpilot International ETF (PTIN) is an exchange-traded fund that is based on the Pacer Trendpilot International index. The fund tracks an index that allocates to a proprietary ex-US Large-Cap Index and\u002For 3-month US T-bills, according to momentum. PTIN was launched on May 2, 2019 and is managed by Pacer.