Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) Short Interest Down 37.0% in August

by · The Cerbat Gem

Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD – Get Free Report) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 35,162 shares, a drop of 37.0% from the August 15th total of 55,842 shares. Based on an average daily trading volume, of 8,810 shares, the short-interest ratio is presently 4.0 days. Approximately 0.8% of the company’s stock are short sold.

Hedge Funds Weigh In On Pacer Trendpilot US Bond ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Truist Financial Corp increased its position in Pacer Trendpilot US Bond ETF by 5.0% in the fourth quarter. Truist Financial Corp now owns 12,647 shares of the company’s stock worth $245,000 after buying an additional 603 shares in the last quarter. Kestra Advisory Services LLC grew its stake in shares of Pacer Trendpilot US Bond ETF by 9.7% during the 1st quarter. Kestra Advisory Services LLC now owns 11,545 shares of the company’s stock valued at $219,000 after acquiring an additional 1,024 shares during the period. Private Advisor Group LLC increased its holdings in 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 worth $917,000 after acquiring an additional 2,164 shares in the last quarter. Ascentis Independent Advisors purchased a new stake in Pacer Trendpilot US Bond ETF in the 1st quarter worth approximately $68,000. Finally, NewEdge Advisors LLC raised 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 during the period.

Pacer Trendpilot US Bond ETF Stock Down 0.0%

Shares of PTBD stock traded down $0.01 during midday trading on Wednesday, reaching $18.83. 544 shares of the stock were exchanged, compared to its average volume of 22,964. Pacer Trendpilot US Bond ETF has a 1 year low of $18.69 and a 1 year high of $19.96. The company’s 50 day moving average is $19.04 and its two-hundred day moving average is $19.11.

About Pacer Trendpilot US Bond ETF

(Get Free Report)

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.

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