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

Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 50,990 shares, a growth of 577.0% from the April 30th total of 7,532 shares. Based on an average daily volume of 44,618 shares, the days-to-cover ratio is currently 1.1 days. Approximately 1.0% of the company’s shares are short sold.

Pacer Trendpilot US Bond ETF Stock Performance

PTBD opened at $19.19 on Friday. The business has a 50-day moving average of $19.12 and a two-hundred day moving average of $19.33. Pacer Trendpilot US Bond ETF has a 12 month low of $18.69 and a 12 month high of $20.00.

Hedge Funds Weigh In On Pacer Trendpilot US Bond ETF

Large investors have recently bought and sold shares of the stock. Ascentis Independent Advisors acquired a new stake in Pacer Trendpilot US Bond ETF during the first quarter worth about $68,000. Geneos Wealth Management Inc. increased its position in Pacer Trendpilot US Bond ETF by 17.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 6,277 shares of the company’s stock worth $124,000 after purchasing an additional 910 shares in the last quarter. Kestra Advisory Services LLC raised its holdings in Pacer Trendpilot US Bond ETF by 9.7% in the first quarter. Kestra Advisory Services LLC now owns 11,545 shares of the company’s stock valued at $219,000 after buying an additional 1,024 shares during the period. Truist Financial Corp grew its stake in 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 buying an additional 603 shares during the period. Finally, Independent Financial Group LLC acquired a new stake in shares of Pacer Trendpilot US Bond ETF in the first quarter worth $267,000.

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.