Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Sees Unusually-High Trading Volume – Here’s Why

Shares of Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) saw unusually-strong trading volume on Monday . Approximately 193,236 shares traded hands during trading, an increase of 167% from the previous session’s volume of 72,410 shares.The stock last traded at $67.25 and had previously closed at $67.18.

Pacer Trendpilot 100 ETF Stock Up 0.1 %

The company has a market capitalization of $1.20 billion, a P/E ratio of 28.53 and a beta of 0.68. The firm has a fifty day simple moving average of $71.57 and a 200-day simple moving average of $73.77.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. OLD Point Trust & Financial Services N A bought a new position in shares of Pacer Trendpilot 100 ETF in the 4th quarter valued at about $33,000. Kestra Investment Management LLC acquired a new position in Pacer Trendpilot 100 ETF during the fourth quarter worth approximately $38,000. Midwest Capital Advisors LLC bought a new stake in Pacer Trendpilot 100 ETF in the fourth quarter valued at approximately $64,000. Aptus Capital Advisors LLC acquired a new stake in shares of Pacer Trendpilot 100 ETF in the fourth quarter valued at approximately $74,000. Finally, Noble Wealth Management PBC acquired a new position in shares of Pacer Trendpilot 100 ETF during the 4th quarter worth approximately $85,000.

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.