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

Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) was the target of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 31,563 shares, a decrease of 38.1% from the May 14th total of 50,990 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 12,950 shares, the days-to-cover ratio is currently 2.4 days.

Pacer Trendpilot US Bond ETF Price Performance

Shares of PTBD stock opened at $19.25 on Monday. The stock has a 50 day simple moving average of $19.18 and a 200-day simple moving average of $19.30. Pacer Trendpilot US Bond ETF has a 1-year low of $18.69 and a 1-year high of $20.00.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. 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 purchasing an additional 603 shares in the last quarter. ORG Partners LLC increased its position in shares of Pacer Trendpilot US Bond ETF by 3.2% during the fourth quarter. ORG Partners LLC now owns 21,599 shares of the company’s stock worth $419,000 after purchasing an additional 670 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 worth $124,000 after purchasing an additional 910 shares in the last quarter. Kestra Advisory Services LLC increased its position in shares of Pacer Trendpilot US Bond ETF by 9.7% during the first quarter. Kestra Advisory Services LLC now owns 11,545 shares of the company’s stock worth $219,000 after purchasing an additional 1,024 shares in the last quarter. Finally, Private Advisor Group LLC increased its position in shares of Pacer Trendpilot US Bond ETF by 4.7% during the first quarter. Private Advisor Group LLC now owns 48,324 shares of the company’s stock worth $917,000 after purchasing an additional 2,164 shares in the last quarter.

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.