Short Interest in Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Rises By 850.9%

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 162,600 shares, an increase 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 currently 4.0 days.

Pacer Trendpilot 100 ETF Trading Up 0.5 %

PTNQ stock traded up $0.36 on Friday, hitting $73.98. 64,864 shares of the company’s stock traded hands, compared to its average volume of 50,883. Pacer Trendpilot 100 ETF has a 1-year low of $60.27 and a 1-year high of $74.29. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 35.78 and a beta of 0.68. The stock has a fifty day moving average of $72.50 and a 200-day moving average of $71.03.

Institutional Trading of Pacer Trendpilot 100 ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cetera Investment Advisers lifted its position 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 valued at $26,663,000 after acquiring an additional 281,662 shares in the last quarter. Cetera Advisors LLC lifted its position 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 valued at $13,755,000 after acquiring an additional 62,136 shares in the last quarter. Atria Wealth Solutions Inc. lifted its position 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 valued at $11,322,000 after acquiring an additional 43,817 shares in the last quarter. LPL Financial LLC lifted its position 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 valued at $91,852,000 after acquiring an additional 38,671 shares in the last quarter. Finally, ODonnell Financial Services LLC lifted its position 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 valued at $15,016,000 after acquiring an additional 31,813 shares in the last quarter.

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.