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

by · The Cerbat Gem

Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD – Get Free Report) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 3,509 shares, a decline of 90.0% from the August 31st total of 35,162 shares. Based on an average trading volume of 13,348 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

Pacer Trendpilot US Bond ETF Stock Performance

Shares of PTBD stock traded down $0.04 on Friday, hitting $18.54. 9,917 shares of the stock traded hands, compared to its average volume of 22,573. Pacer Trendpilot US Bond ETF has a 1-year low of $18.53 and a 1-year high of $19.92. The company’s fifty day moving average is $18.99 and its 200 day moving average is $19.08.

Institutional Trading of Pacer Trendpilot US Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Pacer Advisors Inc. lifted its position in shares of Pacer Trendpilot US Bond ETF by 4.7% in the 1st quarter. Pacer Advisors Inc. now owns 567,271 shares of the company’s stock worth $10,767,000 after buying an additional 25,360 shares during the last quarter. NewEdge Advisors LLC raised its stake in 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 during the period. Envestnet Asset Management Inc. raised its stake in Pacer Trendpilot US Bond ETF by 2.7% during 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 period. Maridea Wealth Management LLC acquired a new stake in Pacer Trendpilot US Bond ETF during the first quarter worth about $1,208,000. Finally, Private Advisor Group LLC lifted its holdings in Pacer Trendpilot US Bond ETF by 4.7% in the first 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 during the last quarter.

Pacer Trendpilot US Bond ETF Company Profile

(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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