Short Interest in Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) Expands By 168.4%

Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) was the recipient of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 22,360 shares, a growth of 168.4% from the February 12th total of 8,332 shares. Based on an average daily volume of 19,535 shares, the short-interest ratio is presently 1.1 days. Approximately 0.4% of the shares of the stock are sold short. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 19,535 shares, the short-interest ratio is presently 1.1 days.

Pacer Trendpilot US Bond ETF Price Performance

PTBD stock traded down $0.02 on Friday, reaching $19.00. The company had a trading volume of 11,966 shares, compared to its average volume of 32,781. The company’s fifty day moving average is $19.40 and its 200 day moving average is $19.57. Pacer Trendpilot US Bond ETF has a 1 year low of $18.98 and a 1 year high of $20.24.

Pacer Trendpilot US Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 25th were given a $0.1074 dividend. This is an increase from Pacer Trendpilot US Bond ETF’s previous monthly dividend of $0.06. This represents a c) annualized dividend and a dividend yield of 6.8%. The ex-dividend date was Wednesday, February 25th.

Institutional Trading of Pacer Trendpilot US Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. increased its stake in shares of Pacer Trendpilot US Bond ETF by 2.1% during the 3rd quarter. Pacer Advisors Inc. now owns 578,247 shares of the company’s stock valued at $11,467,000 after acquiring an additional 11,962 shares during the last quarter. ODonnell Financial Services LLC boosted its position in shares of Pacer Trendpilot US Bond ETF by 3.6% in the third quarter. ODonnell Financial Services LLC now owns 347,665 shares of the company’s stock worth $6,894,000 after acquiring an additional 12,087 shares during the last quarter. Napa Wealth Management acquired a new stake in shares of Pacer Trendpilot US Bond ETF in the second quarter worth approximately $6,187,000. Creative Financial Designs Inc. ADV grew its holdings in Pacer Trendpilot US Bond ETF by 4.8% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 277,610 shares of the company’s stock valued at $5,386,000 after purchasing an additional 12,823 shares during the period. Finally, Magnolia Capital Advisors LLC grew its holdings in Pacer Trendpilot US Bond ETF by 6.1% in the fourth quarter. Magnolia Capital Advisors LLC now owns 200,085 shares of the company’s stock valued at $3,882,000 after purchasing an additional 11,416 shares during the period.

Pacer Trendpilot US Bond ETF Company Profile

The Pacer Trendpilot US Bond ETF (PTBD) is an exchange-traded fund that is based on the Pacer Trendpilot US Bond index. The fund tracks an index that uses a momentum-driven proprietary strategy that toggles between U.S. High Yield Corporate Bonds and 7-10 Year Treasury Bonds. PTBD was launched on Oct 22, 2019 and is managed by Pacer.