Short Interest in Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) Drops By 37.0%

Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) saw a significant decline in short interest in August. As of August 31st, there was short interest totaling 35,162 shares, a decline of 37.0% from the August 15th total of 55,842 shares. Based on an average daily volume of 8,810 shares, the days-to-cover ratio is currently 4.0 days. Currently, 0.8% of the shares of the stock are sold short.

Institutional Trading of Pacer Trendpilot US Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in PTBD. Ascentis Independent Advisors purchased a new position in Pacer Trendpilot US Bond ETF in the first quarter worth $68,000. Kestra Advisory Services LLC boosted its holdings in shares of Pacer Trendpilot US Bond ETF by 9.7% in the 1st quarter. Kestra Advisory Services LLC now owns 11,545 shares of the company’s stock worth $219,000 after purchasing an additional 1,024 shares in the last quarter. Truist Financial Corp boosted its holdings in shares of 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 in the last quarter. Independent Financial Group LLC bought a new position in shares of Pacer Trendpilot US Bond ETF during the 1st quarter valued at about $267,000. Finally, Rockefeller Capital Management L.P. increased its position in shares of Pacer Trendpilot US Bond ETF by 191.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 14,546 shares of the company’s stock valued at $282,000 after purchasing an additional 9,561 shares during the last quarter.

Pacer Trendpilot US Bond ETF Trading Down 0.0%

PTBD traded down $0.01 on Wednesday, reaching $18.83. The company had a trading volume of 544 shares, compared to its average volume of 22,964. The business has a 50 day simple moving average of $19.04 and a 200 day simple moving average of $19.11. Pacer Trendpilot US Bond ETF has a 52-week low of $18.69 and a 52-week high of $19.96.

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.