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

Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 47,407 shares, a growth of 151.4% from the July 15th total of 18,859 shares. Currently, 1.1% of the shares of the stock are short sold. Based on an average daily volume of 13,213 shares, the days-to-cover ratio is currently 3.6 days.

Pacer Trendpilot US Bond ETF Trading Up 0.1%

Shares of NYSEARCA PTBD opened at $19.19 on Friday. Pacer Trendpilot US Bond ETF has a 52-week low of $18.69 and a 52-week high of $20.00. The firm’s fifty day moving average is $19.12 and its two-hundred day moving average is $19.18.

Hedge Funds Weigh In On Pacer Trendpilot US Bond ETF

A number of large investors have recently made changes to their positions in the company. Ascentis Independent Advisors bought a new position in shares of Pacer Trendpilot US Bond ETF in the first quarter worth about $68,000. Geneos Wealth Management Inc. boosted its position in Pacer Trendpilot US Bond ETF by 17.0% in the 2nd 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. Kestra Advisory Services LLC grew its stake in Pacer Trendpilot US Bond ETF by 9.7% in the 1st quarter. Kestra Advisory Services LLC now owns 11,545 shares of the company’s stock worth $219,000 after acquiring an additional 1,024 shares in the last quarter. Truist Financial Corp increased its position in shares of Pacer Trendpilot US Bond ETF by 5.0% during the fourth quarter. Truist Financial Corp now owns 12,647 shares of the company’s stock worth $245,000 after acquiring an additional 603 shares during the period. Finally, Independent Financial Group LLC bought a new stake in shares of Pacer Trendpilot US Bond ETF during the first quarter valued at approximately $267,000.

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.