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

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 162,600 shares, a growth of 850.9% from the September 30th total of 17,100 shares. Based on an average daily volume of 40,400 shares, the short-interest ratio is presently 4.0 days.

Pacer Trendpilot 100 ETF Stock Up 0.5 %

Shares of PTNQ stock traded up $0.36 during trading on Friday, reaching $73.98. The company’s stock had a trading volume of 64,864 shares, compared to its average volume of 50,883. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 35.78 and a beta of 0.68. Pacer Trendpilot 100 ETF has a one year low of $60.27 and a one year high of $74.32. The business has a fifty day moving average price of $72.54 and a 200-day moving average price of $71.08.

Institutional Investors Weigh In On Pacer Trendpilot 100 ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in PTNQ. Concourse Financial Group Securities Inc. bought a new position in shares of Pacer Trendpilot 100 ETF in the first quarter valued at $27,000. Oppenheimer & Co. Inc. boosted its stake in shares of Pacer Trendpilot 100 ETF by 4.8% during the 1st quarter. Oppenheimer & Co. Inc. now owns 16,031 shares of the company’s stock worth $1,101,000 after acquiring an additional 735 shares during the period. Gimbal Financial increased its holdings in shares of Pacer Trendpilot 100 ETF by 10.1% during the 2nd quarter. Gimbal Financial now owns 44,641 shares of the company’s stock worth $3,263,000 after acquiring an additional 4,078 shares during the last quarter. Avantax Advisory Services Inc. raised its stake in Pacer Trendpilot 100 ETF by 12.7% in the 1st quarter. Avantax Advisory Services Inc. now owns 131,574 shares of the company’s stock valued at $9,037,000 after acquiring an additional 14,874 shares during the period. Finally, Brookstone Capital Management lifted its holdings in Pacer Trendpilot 100 ETF by 23.9% during the 1st quarter. Brookstone Capital Management now owns 7,961 shares of the company’s stock valued at $547,000 after purchasing an additional 1,538 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.