Short Interest in Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) Drops By 28.2%

Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) was the target of a significant decrease in short interest in April. As of April 15th, there was short interest totaling 5,784 shares, a decrease of 28.2% from the March 31st total of 8,058 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 51,094 shares, the short-interest ratio is currently 0.1 days.

Pacer Trendpilot US Bond ETF Price Performance

Shares of PTBD stock remained flat at $19.20 during trading hours on Friday. The stock had a trading volume of 8,474 shares, compared to its average volume of 30,154. Pacer Trendpilot US Bond ETF has a 52 week low of $18.69 and a 52 week high of $20.00. The firm has a 50 day moving average of $19.16 and a two-hundred day moving average of $19.40.

Pacer Trendpilot US Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 25th were issued a $0.1074 dividend. This is a boost from Pacer Trendpilot US Bond ETF’s previous monthly dividend of $0.06. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date was Wednesday, February 25th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PTBD. Ascentis Independent Advisors bought a new position in shares of Pacer Trendpilot US Bond ETF in the first quarter valued at approximately $68,000. Geneos Wealth Management Inc. increased its position in shares of 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 acquiring an additional 910 shares during the last quarter. Kestra Advisory Services LLC increased its position in shares of 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 acquiring an additional 1,024 shares during the last quarter. Truist Financial Corp increased its position in shares of Pacer Trendpilot US Bond ETF by 5.0% during the fourth quarter. Truist Financial Corp now owns 12,647 shares of the company’s stock valued at $245,000 after acquiring an additional 603 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in shares of Pacer Trendpilot US Bond ETF by 191.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 14,546 shares of the company’s stock valued at $282,000 after acquiring an additional 9,561 shares during 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.