Pacer Trendpilot International ETF (NYSEARCA:PTIN) Sees Large Increase in Short Interest

Pacer Trendpilot International ETF (NYSEARCA:PTIN) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 179,481 shares, an increase of 458.3% from the May 31st total of 32,147 shares. Approximately 3.4% of the shares of the company are sold short. Based on an average daily trading volume, of 18,892 shares, the days-to-cover ratio is presently 9.5 days.

Pacer Trendpilot International ETF Trading Down 0.7%

NYSEARCA PTIN traded down $0.26 during trading hours on Friday, hitting $36.43. 3,361 shares of the company’s stock traded hands, compared to its average volume of 19,920. Pacer Trendpilot International ETF has a 52 week low of $25.50 and a 52 week high of $37.52. The firm has a market capitalization of $191.26 million, a P/E ratio of 16.15 and a beta of 0.54. The business’s fifty day moving average price is $35.87 and its two-hundred day moving average price is $34.16.

Institutional Investors Weigh In On Pacer Trendpilot International ETF

A number of hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC bought a new position in Pacer Trendpilot International ETF in the 4th quarter worth $30,000. Assetmark Inc. purchased a new position in Pacer Trendpilot International ETF during the third quarter valued at $30,000. MGO One Seven LLC purchased a new position in Pacer Trendpilot International ETF during the fourth quarter valued at $206,000. Orion Porfolio Solutions LLC bought a new stake in Pacer Trendpilot International ETF during the second quarter valued at about $201,000. Finally, Clark Asset Management LLC purchased a new stake in Pacer Trendpilot International ETF in the first quarter worth about $294,000.

Pacer Trendpilot International ETF Company Profile

The Pacer Trendpilot International ETF (PTIN) is an exchange-traded fund that is based on the Pacer Trendpilot International index. The fund tracks an index that allocates to a proprietary ex-US Large-Cap Index and\u002For 3-month US T-bills, according to momentum. PTIN was launched on May 2, 2019 and is managed by Pacer.