Short Interest in Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) Expands By 31.1%

Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) was the target of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 8,976 shares, a growth of 31.1% from the January 15th total of 6,845 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 35,262 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 35,262 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are short sold.

Institutional Investors Weigh In On Pacer Trendpilot US Bond ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc bought a new position in Pacer Trendpilot US Bond ETF in the second quarter worth about $101,000. Geneos Wealth Management Inc. grew its position in shares of 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. Truist Financial Corp grew its position 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 buying an additional 603 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Pacer Trendpilot US Bond ETF by 2,182.1% during the 4th quarter. Farther Finance Advisors LLC now owns 18,919 shares of the company’s stock worth $367,000 after acquiring an additional 18,090 shares in the last quarter. Finally, ORG Partners LLC lifted its position in Pacer Trendpilot US Bond ETF by 3.2% during the fourth quarter. ORG Partners LLC now owns 21,599 shares of the company’s stock valued at $419,000 after acquiring an additional 670 shares during the last quarter.

Pacer Trendpilot US Bond ETF Trading Up 0.1%

NYSEARCA PTBD opened at $19.49 on Monday. The firm’s 50 day moving average price is $19.45 and its 200-day moving average price is $19.64. Pacer Trendpilot US Bond ETF has a 52-week low of $19.30 and a 52-week high of $20.40.

Pacer Trendpilot US Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, January 26th. Stockholders of record on Thursday, January 22nd were issued a $0.0612 dividend. The ex-dividend date was Thursday, January 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%.

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.