Short Interest in Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) Rises By 617.9%

Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 160,528 shares, a growth of 617.9% from the February 26th total of 22,360 shares. Based on an average trading volume of 41,494 shares, the days-to-cover ratio is presently 3.9 days. Approximately 2.9% of the shares of the company are short sold. Approximately 2.9% of the shares of the company are short sold. Based on an average trading volume of 41,494 shares, the days-to-cover ratio is presently 3.9 days.

Pacer Trendpilot US Bond ETF Trading Down 0.4%

NYSEARCA:PTBD opened at $18.84 on Wednesday. Pacer Trendpilot US Bond ETF has a one year low of $18.78 and a one year high of $20.19. The company has a fifty day moving average price of $19.33 and a 200 day moving average price of $19.53.

Pacer Trendpilot US Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 25th were issued a dividend of $0.1074 per share. This represents a c) annualized dividend and a dividend yield of 6.8%. The ex-dividend date was Wednesday, February 25th. This is a positive change from Pacer Trendpilot US Bond ETF’s previous monthly dividend of $0.06.

Institutional Investors Weigh In On Pacer Trendpilot US Bond ETF

Hedge funds have recently made changes to their positions in the stock. Napa Wealth Management acquired a new stake in shares of Pacer Trendpilot US Bond ETF during the 2nd quarter worth approximately $6,187,000. Goldman Sachs Group Inc. acquired a new position in shares of Pacer Trendpilot US Bond ETF in the fourth quarter valued at $1,809,000. Jane Street Group LLC raised its stake in shares of Pacer Trendpilot US Bond ETF by 120.4% in the fourth quarter. Jane Street Group LLC now owns 132,132 shares of the company’s stock valued at $2,563,000 after purchasing an additional 72,172 shares in the last quarter. Forefront Wealth Partners LLC bought a new position in Pacer Trendpilot US Bond ETF in the third quarter worth $634,000. Finally, Wealthspire Retirement LLC bought a new position in Pacer Trendpilot US Bond ETF in the fourth quarter worth $567,000.

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.