Pacer Trendpilot US Mid Cap ETF (BATS:PTMC) Short Interest Update

Pacer Trendpilot US Mid Cap ETF (BATS:PTMC) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 20,001 shares, a growth of 357.6% from the June 30th total of 4,371 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 23,845 shares, the short-interest ratio is currently 0.8 days.

Institutional Investors Weigh In On Pacer Trendpilot US Mid Cap ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its stake in shares of Pacer Trendpilot US Mid Cap ETF by 0.5% in the first quarter. Royal Bank of Canada now owns 127,218 shares of the company’s stock worth $4,402,000 after acquiring an additional 586 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Pacer Trendpilot US Mid Cap ETF by 34.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,865 shares of the company’s stock valued at $65,000 after buying an additional 479 shares during the last quarter. NewEdge Advisors LLC increased its holdings in Pacer Trendpilot US Mid Cap ETF by 93.6% in the second quarter. NewEdge Advisors LLC now owns 256,104 shares of the company’s stock worth $8,933,000 after buying an additional 123,836 shares during the last quarter. Raymond James Financial Inc. increased its holdings in Pacer Trendpilot US Mid Cap ETF by 2.0% in the second quarter. Raymond James Financial Inc. now owns 274,482 shares of the company’s stock worth $9,574,000 after buying an additional 5,349 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its position in Pacer Trendpilot US Mid Cap ETF by 39.7% during 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.

Pacer Trendpilot US Mid Cap ETF Price Performance

BATS PTMC opened at $41.04 on Friday. The company has a 50 day simple moving average of $40.72 and a 200-day simple moving average of $38.96. The firm has a market capitalization of $515.05 million, a price-to-earnings ratio of 17.49 and a beta of 0.55. Pacer Trendpilot US Mid Cap ETF has a 52-week low of $33.60 and a 52-week high of $41.87.

About Pacer Trendpilot US Mid Cap ETF

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.