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

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

Pacer Trendpilot US Bond ETF Stock Up 0.1%

PTBD stock opened at $19.62 on Thursday. The business has a 50-day simple moving average of $19.63 and a 200 day simple moving average of $19.98. Pacer Trendpilot US Bond ETF has a 52 week low of $19.35 and a 52 week high of $20.91.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Allworth Financial LP bought a new position in Pacer Trendpilot US Bond ETF in the fourth quarter valued at about $30,000. Sanctuary Advisors LLC grew its position in Pacer Trendpilot US Bond ETF by 2.1% in the fourth quarter. Sanctuary Advisors LLC now owns 214,254 shares of the company’s stock valued at $4,333,000 after acquiring an additional 4,382 shares during the last quarter. Private Advisor Group LLC grew its position in 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 acquiring an additional 569 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in Pacer Trendpilot US Bond ETF by 482.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 36,489 shares of the company’s stock valued at $730,000 after acquiring an additional 30,225 shares during the last quarter. Finally, Atria Investments Inc grew its position in Pacer Trendpilot US Bond ETF by 4.9% in the fourth quarter. Atria Investments Inc now owns 248,073 shares of the company’s stock valued at $4,961,000 after acquiring an additional 11,641 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.