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

Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) saw a large decline in short interest during the month of 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. Currently, 0.8% of the shares of the company are sold short. Based on an average daily volume of 8,810 shares, the short-interest ratio is presently 4.0 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PTBD. Truist Financial Corp boosted its position in shares of Pacer Trendpilot US Bond ETF by 5.0% during 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 during the period. Kestra Advisory Services LLC grew its stake in shares of Pacer Trendpilot US Bond ETF by 9.7% in the first quarter. Kestra Advisory Services LLC now owns 11,545 shares of the company’s stock valued at $219,000 after buying an additional 1,024 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of Pacer Trendpilot US Bond ETF by 4.7% in the 1st quarter. Private Advisor Group LLC now owns 48,324 shares of the company’s stock valued at $917,000 after buying an additional 2,164 shares during the period. Ascentis Independent Advisors acquired a new position in Pacer Trendpilot US Bond ETF during the 1st quarter worth about $68,000. Finally, NewEdge Advisors LLC lifted its stake in Pacer Trendpilot US Bond ETF by 6.1% during the 1st 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 Trading Down 0.1%

Shares of NYSEARCA:PTBD traded down $0.03 during trading on Friday, reaching $18.80. 5,725 shares of the stock were exchanged, compared to its average volume of 22,829. The stock has a 50-day moving average price of $19.03 and a 200-day moving average price of $19.10. Pacer Trendpilot US Bond ETF has a 12 month low of $18.69 and a 12 month high of $19.95.

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.