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

Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) saw a large growth in short interest in 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 trading volume of 44,618 shares, the days-to-cover ratio is currently 1.1 days. Currently, 1.0% of the company’s shares are sold short.

Institutional Investors Weigh In On Pacer Trendpilot US Bond ETF

Hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC grew its stake in shares of Pacer Trendpilot US Bond ETF by 167.1% in the second quarter. Jane Street Group LLC now owns 62,162 shares of the company’s stock worth $1,228,000 after acquiring an additional 38,893 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Pacer Trendpilot US Bond ETF by 17.0% in the second quarter. Geneos Wealth Management Inc. now owns 6,277 shares of the company’s stock valued at $124,000 after acquiring an additional 910 shares in the last quarter. ODonnell Financial Services LLC raised its stake in shares of Pacer Trendpilot US Bond ETF by 3.6% in the third quarter. ODonnell Financial Services LLC now owns 347,665 shares of the company’s stock valued at $6,894,000 after acquiring an additional 12,087 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in Pacer Trendpilot US Bond ETF by 3.8% in the third quarter. Creative Financial Designs Inc. ADV now owns 264,787 shares of the company’s stock valued at $5,251,000 after purchasing an additional 9,779 shares during the period. Finally, Private Advisor Group LLC boosted its holdings in Pacer Trendpilot US Bond ETF by 14.3% in the third quarter. Private Advisor Group LLC now owns 43,409 shares of the company’s stock valued at $861,000 after purchasing an additional 5,425 shares during the period.

Pacer Trendpilot US Bond ETF Stock Up 0.2%

NYSEARCA:PTBD traded up $0.04 on Friday, reaching $19.19. 3,489 shares of the company’s stock were exchanged, compared to its average volume of 30,399. Pacer Trendpilot US Bond ETF has a 52-week low of $18.69 and a 52-week high of $20.00. The business has a fifty day moving average of $19.12 and a 200-day moving average of $19.33.

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.