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

Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 9,933 shares, an increase of 183.1% from the September 15th total of 3,509 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 16,932 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. boosted its holdings in Pacer Trendpilot US Bond ETF by 4.7% in the first quarter. Pacer Advisors Inc. now owns 567,271 shares of the company’s stock worth $10,767,000 after purchasing an additional 25,360 shares during the last quarter. NewEdge Advisors LLC grew its position in 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 purchasing an additional 9,194 shares during the period. Maridea Wealth Management LLC bought a new stake in Pacer Trendpilot US Bond ETF in the 1st quarter worth approximately $1,208,000. Envestnet Asset Management Inc. grew its position in Pacer Trendpilot US Bond ETF by 2.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 63,483 shares of the company’s stock worth $1,217,000 after purchasing an additional 1,651 shares during the period. Finally, Private Advisor Group LLC raised its stake in Pacer Trendpilot US Bond ETF by 4.7% during the 1st quarter. Private Advisor Group LLC now owns 48,324 shares of the company’s stock valued at $917,000 after buying an additional 2,164 shares during the last quarter.

Pacer Trendpilot US Bond ETF Stock Down 0.3%

Shares of NYSEARCA PTBD opened at $18.40 on Wednesday. The firm’s 50-day moving average price is $18.84 and its 200-day moving average price is $19.03. Pacer Trendpilot US Bond ETF has a 52-week low of $18.32 and a 52-week high of $19.83.

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.