Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Sees Significant Decrease in Short Interest

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totalling 20,000 shares, a decrease of 18.7% from the August 31st total of 24,600 shares. Based on an average daily trading volume, of 44,400 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On Pacer Trendpilot 100 ETF

Large investors have recently modified their holdings of the company. Cetera Investment Advisers boosted its position in Pacer Trendpilot 100 ETF by 264.3% during the first 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 during the last quarter. Cetera Advisors LLC grew its stake in Pacer Trendpilot 100 ETF by 45.0% during the first 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 during the period. Atria Wealth Solutions Inc. increased its holdings in Pacer Trendpilot 100 ETF by 38.7% in the second 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 stake in Pacer Trendpilot 100 ETF by 3.1% in the second quarter. LPL Financial LLC now owns 1,274,134 shares of the company’s stock valued at $91,852,000 after buying an additional 38,671 shares during the period. Finally, ODonnell Financial Services LLC boosted its holdings in shares of Pacer Trendpilot 100 ETF by 18.0% during the 2nd quarter. ODonnell Financial Services LLC now owns 208,299 shares of the company’s stock worth $15,016,000 after buying an additional 31,813 shares in the last quarter.

Pacer Trendpilot 100 ETF Stock Down 0.4 %

Pacer Trendpilot 100 ETF stock traded down $0.28 during mid-day trading on Friday, hitting $73.17. 47,844 shares of the stock were exchanged, compared to its average volume of 52,148. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 35.78 and a beta of 0.68. Pacer Trendpilot 100 ETF has a 12 month low of $60.27 and a 12 month high of $74.13. The firm’s fifty day simple moving average is $71.36 and its two-hundred day simple moving average is $70.38.

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.