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

Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) was the recipient of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 22,360 shares, a growth of 168.4% from the February 12th total of 8,332 shares. Based on an average daily volume of 19,535 shares, the short-interest ratio is currently 1.1 days. Approximately 0.4% of the company’s shares are short sold. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 19,535 shares, the short-interest ratio is currently 1.1 days.

Institutional Investors Weigh In On Pacer Trendpilot US Bond ETF

Large investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. lifted its stake in Pacer Trendpilot US Bond ETF by 4.5% in the second quarter. Envestnet Asset Management Inc. now owns 36,168 shares of the company’s stock worth $714,000 after acquiring an additional 1,566 shares during the period. Napa Wealth Management purchased a new stake in shares of Pacer Trendpilot US Bond ETF in the 2nd quarter worth about $6,187,000. Jane Street Group LLC boosted its stake in shares of Pacer Trendpilot US Bond ETF by 167.1% during the 2nd quarter. Jane Street Group LLC now owns 62,162 shares of the company’s stock valued at $1,228,000 after purchasing an additional 38,893 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Pacer Trendpilot US Bond ETF by 17.0% during the second quarter. Geneos Wealth Management Inc. now owns 6,277 shares of the company’s stock valued at $124,000 after buying an additional 910 shares during the period. Finally, Pacer Advisors Inc. increased its position in shares of Pacer Trendpilot US Bond ETF by 2.1% during the third quarter. Pacer Advisors Inc. now owns 578,247 shares of the company’s stock valued at $11,467,000 after buying an additional 11,962 shares during the period.

Pacer Trendpilot US Bond ETF Trading Down 0.5%

NYSEARCA:PTBD traded down $0.09 during midday trading on Wednesday, reaching $19.09. 13,275 shares of the stock traded hands, compared to its average volume of 33,736. The company has a fifty day moving average of $19.43 and a 200 day moving average of $19.59. Pacer Trendpilot US Bond ETF has a 12 month low of $19.09 and a 12 month high of $20.24.

Pacer Trendpilot US Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Wednesday, February 25th were paid a $0.1074 dividend. The ex-dividend date of this dividend was Wednesday, February 25th. This is a boost from Pacer Trendpilot US Bond ETF’s previous monthly dividend of $0.06. This represents a c) annualized dividend and a dividend yield of 6.8%.

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.