Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) Short Interest Down 38.1% in May

Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 31,563 shares, a drop of 38.1% from the May 14th total of 50,990 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average trading volume of 12,950 shares, the days-to-cover ratio is currently 2.4 days.

Pacer Trendpilot US Bond ETF Stock Performance

Shares of Pacer Trendpilot US Bond ETF stock traded down $0.01 on Tuesday, hitting $19.26. 3,156 shares of the company traded hands, compared to its average volume of 28,355. Pacer Trendpilot US Bond ETF has a 12-month low of $18.69 and a 12-month high of $20.00. The firm’s 50-day simple moving average is $19.18 and its 200 day simple moving average is $19.29.

Institutional Investors Weigh In On Pacer Trendpilot US Bond ETF

Hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its holdings in shares of Pacer Trendpilot US Bond ETF by 167.1% in the 2nd quarter. Jane Street Group LLC now owns 62,162 shares of the company’s stock worth $1,228,000 after purchasing an additional 38,893 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in Pacer Trendpilot US Bond ETF by 17.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 6,277 shares of the company’s stock worth $124,000 after buying an additional 910 shares during the last quarter. ODonnell Financial Services LLC lifted its position in Pacer Trendpilot US Bond ETF by 3.6% in the 3rd quarter. ODonnell Financial Services LLC now owns 347,665 shares of the company’s stock worth $6,894,000 after buying an additional 12,087 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its stake in Pacer Trendpilot US Bond ETF by 3.8% in the third quarter. Creative Financial Designs Inc. ADV now owns 264,787 shares of the company’s stock worth $5,251,000 after buying an additional 9,779 shares in the last quarter. Finally, Private Advisor Group LLC boosted its stake in Pacer Trendpilot US Bond ETF by 14.3% in the third quarter. Private Advisor Group LLC now owns 43,409 shares of the company’s stock worth $861,000 after buying an additional 5,425 shares in the last quarter.

About Pacer Trendpilot US Bond ETF

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.