Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Short Interest Up 69.0% in March

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) saw 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 trading volume of 63,900 shares, the short-interest ratio is presently 1.2 days.

Institutional Investors Weigh In On Pacer Trendpilot 100 ETF

Hedge funds have recently added to or reduced their stakes in the business. Western Wealth Management LLC raised its stake in shares of Pacer Trendpilot 100 ETF by 32.4% during the third quarter. Western Wealth Management LLC now owns 42,084 shares of the company’s stock valued at $2,586,000 after acquiring an additional 10,294 shares during the last quarter. Private Advisor Group LLC raised its position in Pacer Trendpilot 100 ETF by 10.2% during the 3rd 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 last quarter. Burns Matteson Capital Management LLC bought a new stake in shares of Pacer Trendpilot 100 ETF in the 4th quarter valued at about $220,000. Magnolia Capital Advisors LLC acquired a new stake in shares of Pacer Trendpilot 100 ETF in the third quarter valued at about $1,630,000. Finally, Strategic Financial Concepts LLC bought a new position in shares of Pacer Trendpilot 100 ETF during the second quarter worth about $202,000.

Pacer Trendpilot 100 ETF Price Performance

Shares of NASDAQ PTNQ traded down $0.13 during mid-day trading on Thursday, hitting $68.68. 55,187 shares of the stock traded hands, compared to its average volume of 60,805. The firm has a 50 day simple moving average of $67.70 and a two-hundred day simple moving average of $65.00. Pacer Trendpilot 100 ETF has a twelve month low of $53.04 and a twelve month high of $69.10. The company has a market cap of $1.18 billion, a PE ratio of 23.99 and a beta of 0.68.

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.