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

Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 8,058 shares, a decline of 95.0% from the March 15th total of 160,528 shares. Based on an average daily volume of 17,667 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Investors Weigh In On Pacer Trendpilot US Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Truist Financial Corp grew its holdings in shares of Pacer Trendpilot US Bond ETF by 5.0% in the 4th 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. ORG Partners LLC grew its holdings in shares of Pacer Trendpilot US Bond ETF by 3.2% in the 4th quarter. ORG Partners LLC now owns 21,599 shares of the company’s stock worth $419,000 after acquiring an additional 670 shares during the period. ORG Wealth Partners LLC grew its holdings in shares of Pacer Trendpilot US Bond ETF by 1.6% in the 3rd quarter. ORG Wealth Partners LLC now owns 52,201 shares of the company’s stock worth $1,035,000 after acquiring an additional 801 shares during the period. Geneos Wealth Management Inc. grew its holdings in shares of 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 worth $124,000 after acquiring an additional 910 shares during the period. Finally, Capital Investment Advisory Services LLC grew its holdings in shares of Pacer Trendpilot US Bond ETF by 7.5% in the 4th quarter. Capital Investment Advisory Services LLC now owns 49,075 shares of the company’s stock worth $952,000 after acquiring an additional 3,432 shares during the period.

Pacer Trendpilot US Bond ETF Stock Performance

NYSEARCA PTBD traded down $0.05 on Friday, hitting $19.18. 8,204 shares of the company’s stock were exchanged, compared to its average volume of 33,069. The firm’s 50-day moving average price is $19.22 and its two-hundred day moving average price is $19.45. Pacer Trendpilot US Bond ETF has a fifty-two week low of $18.69 and a fifty-two week high of $20.00.

Pacer Trendpilot US Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Wednesday, February 25th were issued a $0.1074 dividend. The ex-dividend date was Wednesday, February 25th. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%. This is an increase from Pacer Trendpilot US Bond ETF’s previous monthly dividend of $0.06.

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.