Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) Short Interest Up 151.4% in July

Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 47,407 shares, a growth of 151.4% from the July 15th total of 18,859 shares. Currently, 1.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 13,213 shares, the days-to-cover ratio is presently 3.6 days.

Institutional Investors Weigh In On Pacer Trendpilot US Bond ETF

A number of institutional investors have recently made changes to their positions in the business. Truist Financial Corp raised its position in Pacer Trendpilot US Bond ETF by 5.0% in the 4th quarter. Truist Financial Corp now owns 12,647 shares of the company’s stock worth $245,000 after purchasing an additional 603 shares during the period. Geneos Wealth Management Inc. boosted its position in Pacer Trendpilot US Bond ETF by 17.0% during the second quarter. Geneos Wealth Management Inc. now owns 6,277 shares of the company’s stock valued at $124,000 after buying an additional 910 shares during the period. Kestra Advisory Services LLC boosted its position in Pacer Trendpilot US Bond ETF by 9.7% during the first quarter. Kestra Advisory Services LLC now owns 11,545 shares of the company’s stock valued at $219,000 after buying an additional 1,024 shares during the period. Private Advisor Group LLC grew its stake in shares of Pacer Trendpilot US Bond ETF by 4.7% during the first quarter. Private Advisor Group LLC now owns 48,324 shares of the company’s stock valued at $917,000 after buying an additional 2,164 shares during the last quarter. Finally, Ascentis Independent Advisors bought a new position in shares of Pacer Trendpilot US Bond ETF during the first quarter valued at about $68,000.

Pacer Trendpilot US Bond ETF Stock Down 0.2%

PTBD traded down $0.03 during midday trading on Friday, hitting $19.16. The stock had a trading volume of 21,323 shares, compared to its average volume of 24,596. Pacer Trendpilot US Bond ETF has a 1 year low of $18.69 and a 1 year high of $20.00. The business has a fifty day moving average of $19.12 and a 200 day moving average of $19.18.

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.