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. Currently, 0.6% of the company’s shares are sold short. Based on an average daily volume of 12,950 shares, the days-to-cover ratio is presently 2.4 days.

Hedge Funds Weigh In On Pacer Trendpilot US Bond ETF

A number of hedge funds have recently modified their holdings of the business. Truist Financial Corp grew its holdings in shares of Pacer Trendpilot US Bond ETF by 5.0% during the 4th quarter. Truist Financial Corp now owns 12,647 shares of the company’s stock worth $245,000 after purchasing an additional 603 shares during the period. ORG Partners LLC grew its holdings in shares of Pacer Trendpilot US Bond ETF by 3.2% during the 4th quarter. ORG Partners LLC now owns 21,599 shares of the company’s stock worth $419,000 after purchasing an additional 670 shares during the period. Geneos Wealth Management Inc. grew its holdings in shares of 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 during the period. Kestra Advisory Services LLC grew its holdings in shares of Pacer Trendpilot US Bond ETF by 9.7% during the 1st 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 during the period. Finally, Private Advisor Group LLC grew its holdings in shares of Pacer Trendpilot US Bond ETF by 4.7% during the 1st 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 during the period.

Pacer Trendpilot US Bond ETF Stock Performance

NYSEARCA PTBD opened at $19.25 on Monday. Pacer Trendpilot US Bond ETF has a twelve month low of $18.69 and a twelve month high of $20.00. The stock has a fifty day simple moving average of $19.18 and a 200-day simple moving average of $19.30.

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.