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

by · The Markets Daily

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ – Get Free Report) saw a large drop in short interest in December. As of December 31st, there was short interest totalling 8,100 shares, a drop of 54.7% from the December 15th total of 17,900 shares. Based on an average daily trading volume, of 48,600 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Pacer Trendpilot 100 ETF

A number of institutional investors and hedge funds have recently modified their holdings of PTNQ. Brookstone Capital Management grew its position in Pacer Trendpilot 100 ETF by 1,078.2% during the fourth quarter. Brookstone Capital Management now owns 165,103 shares of the company’s stock valued at $12,221,000 after buying an additional 151,090 shares during the period. EWG Elevate Inc. boosted its stake in shares of Pacer Trendpilot 100 ETF by 27.0% during the 4th quarter. EWG Elevate Inc. now owns 9,063 shares of the company’s stock worth $671,000 after acquiring an additional 1,924 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Pacer Trendpilot 100 ETF during the 4th quarter valued at $284,000. JPMorgan Chase & Co. increased its stake in shares of Pacer Trendpilot 100 ETF by 259.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,429 shares of the company’s stock worth $105,000 after purchasing an additional 1,032 shares in the last quarter. Finally, Arete Wealth Advisors LLC raised its holdings in Pacer Trendpilot 100 ETF by 35.3% in the 3rd quarter. Arete Wealth Advisors LLC now owns 11,606 shares of the company’s stock worth $847,000 after purchasing an additional 3,031 shares during the period.

Pacer Trendpilot 100 ETF Stock Down 0.3 %

PTNQ opened at $73.64 on Tuesday. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 35.78 and a beta of 0.68. The firm has a 50 day moving average price of $75.44 and a 200-day moving average price of $73.38. Pacer Trendpilot 100 ETF has a twelve month low of $64.89 and a twelve month high of $77.83.

Pacer Trendpilot 100 ETF Dividend Announcement

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

Pacer Trendpilot 100 ETF Company Profile

(Get Free Report)

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.

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