Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Sees Significant Growth in Short Interest

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 75,700 shares, a growth of 69.0% from the February 29th total of 44,800 shares. Based on an average daily trading volume, of 63,900 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Investors Weigh In On Pacer Trendpilot 100 ETF

A number of large investors have recently bought and sold shares of PTNQ. Western Wealth Management LLC grew its stake in Pacer Trendpilot 100 ETF by 32.4% in the 3rd quarter. Western Wealth Management LLC now owns 42,084 shares of the company’s stock worth $2,586,000 after acquiring an additional 10,294 shares during the period. Private Advisor Group LLC raised its stake in Pacer Trendpilot 100 ETF by 10.2% during the third quarter. Private Advisor Group LLC now owns 46,278 shares of the company’s stock worth $2,843,000 after purchasing an additional 4,283 shares during the period. Burns Matteson Capital Management LLC acquired a new stake in shares of Pacer Trendpilot 100 ETF during the 4th quarter worth $220,000. Magnolia Capital Advisors LLC acquired a new position in Pacer Trendpilot 100 ETF in the third quarter valued at $1,630,000. Finally, Strategic Financial Concepts LLC purchased a new position in shares of Pacer Trendpilot 100 ETF in the 2nd quarter worth about $202,000.

Pacer Trendpilot 100 ETF Trading Down 0.2 %

Shares of PTNQ traded down $0.13 during mid-day trading on Thursday, hitting $68.68. The company’s stock had a trading volume of 55,187 shares, compared to its average volume of 60,805. The firm has a 50-day simple moving average of $67.70 and a 200 day simple moving average of $65.00. The firm has a market capitalization of $1.18 billion, a P/E ratio of 23.99 and a beta of 0.68. Pacer Trendpilot 100 ETF has a 1-year low of $53.04 and a 1-year high of $69.10.

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.