Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) Sees Significant Increase in Short Interest

Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 25,500 shares, a growth of 61.4% from the September 30th total of 15,800 shares. Based on an average trading volume of 22,200 shares, the short-interest ratio is presently 1.1 days. Currently, 0.4% of the shares of the company are short sold. Currently, 0.4% of the shares of the company are short sold. Based on an average trading volume of 22,200 shares, the short-interest ratio is presently 1.1 days.

Pacer Trendpilot US Bond ETF Stock Up 0.1%

Shares of PTBD opened at $19.54 on Monday. The firm’s 50 day moving average is $19.80 and its 200-day moving average is $19.73. Pacer Trendpilot US Bond ETF has a 12 month low of $19.35 and a 12 month high of $20.40.

Institutional Trading of Pacer Trendpilot US Bond ETF

A number of institutional investors have recently modified their holdings of PTBD. IFP Advisors Inc acquired a new position in Pacer Trendpilot US Bond ETF during the second quarter valued at approximately $101,000. Geneos Wealth Management Inc. lifted its holdings in Pacer Trendpilot US Bond ETF by 17.0% in the second quarter. Geneos Wealth Management Inc. now owns 6,277 shares of the company’s stock valued at $124,000 after buying an additional 910 shares during the period. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Pacer Trendpilot US Bond ETF in the first quarter worth $179,000. Morey & Quinn Wealth Partners LLC lifted its holdings in shares of Pacer Trendpilot US Bond ETF by 20.7% in the 2nd quarter. Morey & Quinn Wealth Partners LLC now owns 16,069 shares of the company’s stock worth $317,000 after purchasing an additional 2,760 shares in the last quarter. Finally, Forefront Wealth Partners LLC bought a new position in Pacer Trendpilot US Bond ETF in the 3rd quarter valued at about $634,000.

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.