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

Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) was the recipient of a large decline in short interest in 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. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 13,348 shares, the short-interest ratio is currently 0.3 days.

Pacer Trendpilot US Bond ETF Trading Down 0.9%

PTBD stock traded down $0.16 during trading on Thursday, reaching $18.58. 14,867 shares of the company’s stock were exchanged, compared to its average volume of 22,642. Pacer Trendpilot US Bond ETF has a 1-year low of $18.56 and a 1-year high of $19.92. The company’s fifty day moving average price is $19.00 and its 200-day moving average price is $19.09.

Institutional Investors Weigh In On Pacer Trendpilot US Bond ETF

Several institutional investors have recently bought and sold shares of the stock. Pacer Advisors Inc. grew its position in 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 valued at $10,767,000 after buying an additional 25,360 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of Pacer Trendpilot US Bond ETF by 6.1% in 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. Maridea Wealth Management LLC bought a new position in shares of Pacer Trendpilot US Bond ETF in the first quarter valued at approximately $1,208,000. Envestnet Asset Management Inc. boosted its holdings in shares of Pacer Trendpilot US Bond ETF by 2.7% in the second quarter. Envestnet Asset Management Inc. now owns 63,483 shares of the company’s stock valued at $1,217,000 after acquiring an additional 1,651 shares in the last quarter. Finally, Private Advisor Group LLC increased its stake in shares of Pacer Trendpilot US Bond ETF by 4.7% during the first quarter. Private Advisor Group LLC now owns 48,324 shares of the company’s stock valued at $917,000 after acquiring an additional 2,164 shares during the period.

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.