Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Sees Large Decline in Short Interest

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) was the recipient of a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 16,900 shares, a decline of 28.4% from the January 31st total of 23,600 shares. Based on an average trading volume of 56,200 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. MML Investors Services LLC grew its holdings in shares of Pacer Trendpilot 100 ETF by 0.5% during the third quarter. MML Investors Services LLC now owns 39,392 shares of the company’s stock worth $2,889,000 after purchasing an additional 195 shares during the last quarter. Financial Services Advisory Inc grew its holdings in shares of Pacer Trendpilot 100 ETF by 1.0% during the third quarter. Financial Services Advisory Inc now owns 23,219 shares of the company’s stock worth $1,703,000 after purchasing an additional 233 shares during the last quarter. Trustmark National Bank Trust Department grew its holdings in shares of Pacer Trendpilot 100 ETF by 5.2% during the third quarter. Trustmark National Bank Trust Department now owns 4,818 shares of the company’s stock worth $353,000 after purchasing an additional 240 shares during the last quarter. Harbour Investments Inc. grew its holdings in shares of Pacer Trendpilot 100 ETF by 2.3% during the third quarter. Harbour Investments Inc. now owns 12,075 shares of the company’s stock worth $885,000 after purchasing an additional 277 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC grew its holdings in shares of Pacer Trendpilot 100 ETF by 4.3% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 8,537 shares of the company’s stock worth $632,000 after purchasing an additional 350 shares during the last quarter.

Pacer Trendpilot 100 ETF Trading Down 0.3 %

Pacer Trendpilot 100 ETF stock traded down $0.20 during midday trading on Tuesday, reaching $73.04. The company’s stock had a trading volume of 82,428 shares, compared to its average volume of 59,536. Pacer Trendpilot 100 ETF has a 52 week low of $66.14 and a 52 week high of $77.83. The business has a 50-day moving average price of $75.16 and a 200-day moving average price of $74.28. The stock has a market cap of $1.32 billion, a PE ratio of 34.58 and a beta of 0.68.

Pacer Trendpilot 100 ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 27th were given a $1.4487 dividend. The ex-dividend date was Friday, December 27th.

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.