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

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 19,200 shares, a growth of 23.9% from the February 28th total of 15,500 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 58,500 shares, the short-interest ratio is presently 0.3 days.

Pacer Trendpilot 100 ETF Stock Up 0.2 %

Shares of NASDAQ PTNQ traded up $0.11 during trading hours on Tuesday, hitting $71.12. The company had a trading volume of 44,296 shares, compared to its average volume of 49,032. Pacer Trendpilot 100 ETF has a 1-year low of $66.14 and a 1-year high of $77.83. The firm’s 50 day moving average is $73.99 and its 200-day moving average is $74.33. The stock has a market capitalization of $1.28 billion, a P/E ratio of 31.54 and a beta of 0.68.

Institutional Trading of Pacer Trendpilot 100 ETF

A number of large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC raised its holdings in shares of Pacer Trendpilot 100 ETF by 54.5% in the 3rd quarter. Jane Street Group LLC now owns 6,681 shares of the company’s stock valued at $490,000 after purchasing an additional 2,358 shares during the period. Merit Financial Group LLC bought a new stake in Pacer Trendpilot 100 ETF in the fourth quarter valued at approximately $331,000. Janney Montgomery Scott LLC lifted its position in shares of Pacer Trendpilot 100 ETF by 9.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 25,759 shares of the company’s stock valued at $1,907,000 after buying an additional 2,157 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of Pacer Trendpilot 100 ETF during the 4th quarter worth approximately $229,000. Finally, Tyche Wealth Partners LLC increased its holdings in shares of Pacer Trendpilot 100 ETF by 22.0% during the 4th quarter. Tyche Wealth Partners LLC now owns 3,361 shares of the company’s stock worth $249,000 after acquiring an additional 607 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.