Short Interest in Pacer Trendpilot US Large Cap ETF (BATS:PTLC) Declines By 69.1%

Pacer Trendpilot US Large Cap ETF (BATS:PTLC) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 13,674 shares, a decrease of 69.1% from the June 30th total of 44,295 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 103,755 shares, the short-interest ratio is presently 0.1 days.

Pacer Trendpilot US Large Cap ETF Stock Performance

Shares of PTLC opened at $57.63 on Friday. The company’s 50-day simple moving average is $58.06 and its 200-day simple moving average is $56.30. Pacer Trendpilot US Large Cap ETF has a 1 year low of $50.84 and a 1 year high of $59.15. The stock has a market capitalization of $3.77 billion, a PE ratio of 25.78 and a beta of 0.60.

Institutional Investors Weigh In On Pacer Trendpilot US Large Cap ETF

A number of hedge funds have recently added to or reduced their stakes in the business. AlphaCore Capital LLC acquired a new position in shares of Pacer Trendpilot US Large Cap ETF during the 4th quarter worth about $8,275,000. Crux Wealth Advisors acquired a new stake in shares of Pacer Trendpilot US Large Cap ETF during the 4th quarter worth about $2,143,000. XY Planning Network Inc. raised its position in shares of Pacer Trendpilot US Large Cap ETF by 107.8% during the 4th quarter. XY Planning Network Inc. now owns 30,909 shares of the company’s stock worth $1,718,000 after acquiring an additional 16,032 shares in the last quarter. Patriot Financial Group Insurance Agency LLC lifted its stake in Pacer Trendpilot US Large Cap ETF by 100.9% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 20,122 shares of the company’s stock worth $1,056,000 after purchasing an additional 10,105 shares during the last quarter. Finally, Prospera Financial Services Inc lifted its stake in Pacer Trendpilot US Large Cap ETF by 26.1% during the fourth quarter. Prospera Financial Services Inc now owns 50,904 shares of the company’s stock worth $2,830,000 after purchasing an additional 10,534 shares during the last quarter.

About Pacer Trendpilot US Large Cap ETF

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