Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) Sees Large Growth in Short Interest

Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) was the target of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 160,528 shares, an increase of 617.9% from the February 26th total of 22,360 shares. Approximately 2.9% of the shares of the company are short sold. Based on an average daily trading volume, of 41,494 shares, the days-to-cover ratio is currently 3.9 days. Based on an average daily trading volume, of 41,494 shares, the days-to-cover ratio is currently 3.9 days. Approximately 2.9% of the shares of the company are short sold.

Pacer Trendpilot US Bond ETF Stock Down 0.4%

Shares of PTBD traded down $0.08 during mid-day trading on Tuesday, reaching $18.84. The company had a trading volume of 22,419 shares, compared to its average volume of 30,124. Pacer Trendpilot US Bond ETF has a 52-week low of $18.78 and a 52-week high of $20.19. The stock has a 50 day moving average of $19.33 and a two-hundred day moving average of $19.53.

Pacer Trendpilot US Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Wednesday, February 25th were given a $0.1074 dividend. The ex-dividend date was Wednesday, February 25th. This represents a c) annualized dividend and a yield of 6.8%. This is a boost from Pacer Trendpilot US Bond ETF’s previous monthly dividend of $0.06.

Institutional Investors Weigh In On Pacer Trendpilot US Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Napa Wealth Management purchased a new position in shares of Pacer Trendpilot US Bond ETF during the 2nd quarter valued at approximately $6,187,000. Goldman Sachs Group Inc. purchased a new stake in Pacer Trendpilot US Bond ETF during the fourth quarter worth $1,809,000. Jane Street Group LLC grew its position in Pacer Trendpilot US Bond ETF by 120.4% during the fourth quarter. Jane Street Group LLC now owns 132,132 shares of the company’s stock valued at $2,563,000 after buying an additional 72,172 shares during the period. Forefront Wealth Partners LLC acquired a new stake in Pacer Trendpilot US Bond ETF during the third quarter valued at $634,000. Finally, Wealthspire Retirement LLC purchased a new position in Pacer Trendpilot US Bond ETF in the fourth quarter valued at $567,000.

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.