Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Short Interest Up 39.8% in August

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totalling 24,600 shares, an increase of 39.8% from the August 15th total of 17,600 shares. Based on an average daily volume of 49,000 shares, the short-interest ratio is presently 0.5 days.

Pacer Trendpilot 100 ETF Trading Down 0.3 %

NASDAQ:PTNQ traded down $0.25 during trading hours on Monday, hitting $71.83. The company’s stock had a trading volume of 27,891 shares, compared to its average volume of 52,825. Pacer Trendpilot 100 ETF has a 52-week low of $60.27 and a 52-week high of $74.13. The stock has a market capitalization of $1.28 billion, a P/E ratio of 35.78 and a beta of 0.68. The stock has a fifty day moving average of $71.45 and a 200-day moving average of $70.09.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Cetera Investment Advisers lifted its stake in Pacer Trendpilot 100 ETF by 264.3% during the first quarter. Cetera Investment Advisers now owns 388,227 shares of the company’s stock worth $26,663,000 after purchasing an additional 281,662 shares during the last quarter. Cetera Advisors LLC lifted its position in shares of Pacer Trendpilot 100 ETF by 45.0% during the 1st quarter. Cetera Advisors LLC now owns 200,280 shares of the company’s stock worth $13,755,000 after buying an additional 62,136 shares during the last quarter. Atria Wealth Solutions Inc. boosted its holdings in shares of Pacer Trendpilot 100 ETF by 38.7% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 157,050 shares of the company’s stock valued at $11,322,000 after buying an additional 43,817 shares in the last quarter. LPL Financial LLC grew its position in shares of Pacer Trendpilot 100 ETF by 3.1% in the 2nd quarter. LPL Financial LLC now owns 1,274,134 shares of the company’s stock valued at $91,852,000 after buying an additional 38,671 shares during the last quarter. Finally, ODonnell Financial Services LLC grew its position in shares of Pacer Trendpilot 100 ETF by 18.0% in the 2nd quarter. ODonnell Financial Services LLC now owns 208,299 shares of the company’s stock valued at $15,016,000 after buying an additional 31,813 shares during the last quarter.

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.