Short Interest in Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Declines By 85.8%

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) was the target of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 10,000 shares, a decline of 85.8% from the March 31st total of 70,400 shares. Based on an average daily volume of 56,400 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Pacer Trendpilot 100 ETF

Several large investors have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. boosted its stake in Pacer Trendpilot 100 ETF by 5.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 319,729 shares of the company’s stock worth $21,959,000 after purchasing an additional 16,469 shares during the period. PSI Advisors LLC lifted its holdings in shares of Pacer Trendpilot 100 ETF by 114.1% in the first quarter. PSI Advisors LLC now owns 683 shares of the company’s stock valued at $47,000 after purchasing an additional 364 shares in the last quarter. Milestone Asset Management LLC acquired a new position in shares of Pacer Trendpilot 100 ETF during the first quarter worth about $266,000. Confluence Wealth Services Inc. bought a new position in shares of Pacer Trendpilot 100 ETF during the first quarter worth about $213,000. Finally, Raymond James & Associates grew its holdings in shares of Pacer Trendpilot 100 ETF by 2.5% during the first quarter. Raymond James & Associates now owns 296,549 shares of the company’s stock worth $20,367,000 after buying an additional 7,341 shares in the last quarter.

Pacer Trendpilot 100 ETF Stock Performance

NASDAQ PTNQ traded down $0.17 during trading hours on Thursday, reaching $67.13. 24,814 shares of the company’s stock were exchanged, compared to its average volume of 58,866. Pacer Trendpilot 100 ETF has a one year low of $53.24 and a one year high of $69.10. The company’s 50-day moving average is $68.03 and its two-hundred day moving average is $65.81. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 35.33 and a beta of 0.68.

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.