Pacer WealthShield ETF (BATS:PWS) Sees Significant Decrease in Short Interest

Pacer WealthShield ETF (BATS:PWS) was the recipient of a significant drop in short interest in June. As of June 30th, there was short interest totaling 198 shares, a drop of 85.3% from the June 15th total of 1,351 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 3,873 shares, the days-to-cover ratio is presently 0.1 days.

Pacer WealthShield ETF Trading Down 0.3%

Shares of PWS traded down $0.10 during mid-day trading on Friday, reaching $32.81. The company’s stock had a trading volume of 678 shares, compared to its average volume of 7,936. The stock has a market cap of $27.89 million, a PE ratio of 23.24 and a beta of 0.55. Pacer WealthShield ETF has a 52 week low of $30.34 and a 52 week high of $33.71. The company’s fifty day moving average price is $32.11 and its two-hundred day moving average price is $32.45.

Institutional Trading of Pacer WealthShield ETF

Hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its stake in shares of Pacer WealthShield ETF by 113.8% during the first quarter. Royal Bank of Canada now owns 44,940 shares of the company’s stock valued at $1,439,000 after buying an additional 23,921 shares during the last quarter. Ascentis Independent Advisors bought a new position in Pacer WealthShield ETF during the 1st quarter worth approximately $163,000. Kestra Advisory Services LLC bought a new position in Pacer WealthShield ETF during the 4th quarter worth approximately $181,000. Finally, Jane Street Group LLC purchased a new position in Pacer WealthShield ETF in the 4th quarter worth approximately $229,000.

Pacer WealthShield ETF Company Profile

The Pacer WealthShield ETF (PWS) is an exchange-traded fund that is based on the Pacer WealthShield index. The fund tracks an index that toggles between equity and Treasurys, or a combination of both, on a monthly basis depending on monthly moving averages. PWS was launched on Dec 11, 2017 and is managed by Pacer.