Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Short Interest Up 190.7% in May

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 4,593 shares, a growth of 190.7% from the April 30th total of 1,580 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 39,623 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Pacer Trendpilot 100 ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PTNQ. NewEdge Advisors LLC lifted its position in shares of Pacer Trendpilot 100 ETF by 76.8% in the 2nd quarter. NewEdge Advisors LLC now owns 149,890 shares of the company’s stock worth $10,698,000 after acquiring an additional 65,118 shares during the period. Orion Porfolio Solutions LLC lifted its position in shares of Pacer Trendpilot 100 ETF by 359.5% in the 4th quarter. Orion Porfolio Solutions LLC now owns 63,922 shares of the company’s stock worth $5,027,000 after acquiring an additional 50,010 shares during the period. Empirical Finance LLC bought a new stake in shares of Pacer Trendpilot 100 ETF in the 1st quarter worth approximately $3,455,000. Ashton Thomas Securities LLC bought a new stake in shares of Pacer Trendpilot 100 ETF in the 1st quarter worth approximately $2,682,000. Finally, One Capital Management LLC bought a new stake in shares of Pacer Trendpilot 100 ETF in the 4th quarter worth approximately $2,836,000.

Pacer Trendpilot 100 ETF Price Performance

PTNQ opened at $89.02 on Monday. The firm has a market capitalization of $1.38 billion, a P/E ratio of 33.04 and a beta of 0.63. The stock’s 50 day moving average price is $79.77 and its two-hundred day moving average price is $79.12. Pacer Trendpilot 100 ETF has a 12-month low of $66.15 and a 12-month high of $89.28.

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.