Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) Short Interest Update

Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) was the recipient of a large drop in short interest in May. As of May 31st, there was short interest totalling 29,400 shares, a drop of 28.3% from the May 15th total of 41,000 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 49,700 shares, the days-to-cover ratio is presently 0.6 days.

Pacer Trendpilot US Bond ETF Price Performance

Shares of Pacer Trendpilot US Bond ETF stock opened at $19.60 on Wednesday. The business has a 50 day simple moving average of $19.63 and a two-hundred day simple moving average of $19.98. Pacer Trendpilot US Bond ETF has a 12 month low of $19.35 and a 12 month high of $20.91.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP purchased a new stake in Pacer Trendpilot US Bond ETF during the 4th quarter valued at about $30,000. Aptus Capital Advisors LLC boosted its holdings in shares of Pacer Trendpilot US Bond ETF by 115.6% during the 4th quarter. Aptus Capital Advisors LLC now owns 2,680 shares of the company’s stock worth $54,000 after purchasing an additional 1,437 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Pacer Trendpilot US Bond ETF during the 1st quarter worth approximately $179,000. Morey & Quinn Wealth Partners LLC purchased a new stake in shares of Pacer Trendpilot US Bond ETF in the fourth quarter valued at approximately $266,000. Finally, Private Advisor Group LLC increased its holdings in shares of Pacer Trendpilot US Bond ETF by 1.6% in the fourth quarter. Private Advisor Group LLC now owns 35,674 shares of the company’s stock valued at $713,000 after purchasing an additional 569 shares during the last quarter.

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.