Pacer Trendpilot US Mid Cap ETF (BATS:PTMC) Sees Significant Decline in Short Interest

Pacer Trendpilot US Mid Cap ETF (BATS:PTMC) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 7,885 shares, a decline of 54.1% from the May 14th total of 17,175 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 18,359 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Empirical Finance LLC lifted its holdings in shares of Pacer Trendpilot US Mid Cap ETF by 496.6% in the 4th quarter. Empirical Finance LLC now owns 288,842 shares of the company’s stock worth $10,303,000 after buying an additional 240,431 shares during the period. NewEdge Advisors LLC increased its stake in shares of Pacer Trendpilot US Mid Cap ETF by 93.6% during the second quarter. NewEdge Advisors LLC now owns 256,104 shares of the company’s stock valued at $8,933,000 after buying an additional 123,836 shares during the period. Susquehanna International Group LLP increased its stake in shares of Pacer Trendpilot US Mid Cap ETF by 260.2% during the third quarter. Susquehanna International Group LLP now owns 45,239 shares of the company’s stock valued at $1,620,000 after buying an additional 32,681 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of Pacer Trendpilot US Mid Cap ETF by 39.7% in the second quarter. Geneos Wealth Management Inc. now owns 67,594 shares of the company’s stock valued at $2,358,000 after acquiring an additional 19,196 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of Pacer Trendpilot US Mid Cap ETF by 9.8% in the first quarter. Royal Bank of Canada now owns 167,570 shares of the company’s stock valued at $6,128,000 after acquiring an additional 15,006 shares in the last quarter.

Pacer Trendpilot US Mid Cap ETF Price Performance

Shares of PTMC stock opened at $41.19 on Monday. The company has a market capitalization of $516.93 million, a P/E ratio of 17.49 and a beta of 0.55. The company’s 50-day simple moving average is $39.45 and its two-hundred day simple moving average is $38.01. Pacer Trendpilot US Mid Cap ETF has a one year low of $33.60 and a one year high of $41.34.

Pacer Trendpilot US Mid Cap ETF Company Profile

The Pacer Trendpilot US Mid Cap ETF (PTMC) is an exchange-traded fund that is based on the Pacer Trendpilot US Mid Cap index. The fund tracks an index that allocates to a proprietary US mid-cap Index and\u002For 3-month US T-bills, according to momentum. PTMC was launched on Jun 11, 2015 and is managed by Pacer.