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

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) saw a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 4,900 shares, a decrease of 63.7% from the October 31st total of 13,500 shares. Based on an average daily trading volume, of 41,300 shares, the days-to-cover ratio is presently 0.1 days.

Pacer Trendpilot 100 ETF Trading Down 0.2 %

NASDAQ:PTNQ traded down $0.18 on Thursday, reaching $74.93. 54,001 shares of the stock traded hands, compared to its average volume of 50,337. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 35.78 and a beta of 0.68. The company’s 50 day moving average is $73.96 and its 200-day moving average is $72.21. Pacer Trendpilot 100 ETF has a 1-year low of $63.85 and a 1-year high of $75.71.

Hedge Funds Weigh In On Pacer Trendpilot 100 ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Cetera Investment Advisers lifted its holdings in shares of Pacer Trendpilot 100 ETF by 264.3% in the 1st 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 in the last quarter. Cetera Advisors LLC lifted its holdings in shares of Pacer Trendpilot 100 ETF by 45.0% in the 1st quarter. Cetera Advisors LLC now owns 200,280 shares of the company’s stock worth $13,755,000 after purchasing an additional 62,136 shares in the last quarter. Atria Wealth Solutions Inc. lifted 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 worth $11,322,000 after purchasing an additional 43,817 shares in the last quarter. LPL Financial LLC lifted its holdings 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 worth $91,852,000 after purchasing an additional 38,671 shares in the last quarter. Finally, ODonnell Financial Services LLC lifted its holdings 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 worth $15,016,000 after purchasing an additional 31,813 shares in 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.