Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) Shares Shorted: Short Interest Down 90.0% in September

Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) was the recipient of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 3,509 shares, a drop of 90.0% from the August 31st total of 35,162 shares. Based on an average daily volume of 13,348 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On Pacer Trendpilot US Bond ETF

Several hedge funds have recently bought and sold shares of the business. Maridea Wealth Management LLC acquired a new stake in shares of Pacer Trendpilot US Bond ETF during the 1st quarter valued at $1,208,000. Hyundai Investments Co. Ltd. acquired a new position in shares of Pacer Trendpilot US Bond ETF in the fourth quarter worth $429,000. Envestnet Asset Management Inc. increased its stake in shares of Pacer Trendpilot US Bond ETF by 2.7% in the second quarter. Envestnet Asset Management Inc. now owns 63,483 shares of the company’s stock worth $1,217,000 after acquiring an additional 1,651 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Pacer Trendpilot US Bond ETF by 4.7% during the first quarter. Pacer Advisors Inc. now owns 567,271 shares of the company’s stock worth $10,767,000 after acquiring an additional 25,360 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of Pacer Trendpilot US Bond ETF by 6.1% during the first quarter. NewEdge Advisors LLC now owns 160,037 shares of the company’s stock worth $3,038,000 after acquiring an additional 9,194 shares in the last quarter.

Pacer Trendpilot US Bond ETF Price Performance

NYSEARCA:PTBD traded down $0.05 during trading hours on Friday, hitting $18.53. 3,181 shares of the stock traded hands, compared to its average volume of 22,531. The firm has a 50 day moving average price of $19.00 and a 200 day moving average price of $19.09. Pacer Trendpilot US Bond ETF has a fifty-two week low of $18.53 and a fifty-two week high of $19.92.

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.