Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) Short Interest Down 37.0% in August

Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) saw a significant decline in short interest in August. As of August 31st, there was short interest totaling 35,162 shares, a decline of 37.0% from the August 15th total of 55,842 shares. Based on an average daily trading volume, of 8,810 shares, the short-interest ratio is currently 4.0 days. Currently, 0.8% of the shares of the stock are short sold.

Institutional Trading of Pacer Trendpilot US Bond ETF

Several large investors have recently modified their holdings of PTBD. Ascentis Independent Advisors acquired a new position in Pacer Trendpilot US Bond ETF in the first quarter valued at about $68,000. Kestra Advisory Services LLC grew its stake in 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 buying an additional 1,024 shares in the last quarter. Truist Financial Corp increased its holdings in 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 valued at $245,000 after buying an additional 603 shares during the period. Independent Financial Group LLC bought a new position in Pacer Trendpilot US Bond ETF in the 1st quarter valued at about $267,000. Finally, Rockefeller Capital Management L.P. raised its position in shares of Pacer Trendpilot US Bond ETF by 191.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 14,546 shares of the company’s stock valued at $282,000 after buying an additional 9,561 shares in the last quarter.

Pacer Trendpilot US Bond ETF Trading Up 0.1%

Shares of PTBD stock traded up $0.01 during trading on Thursday, hitting $18.83. The company had a trading volume of 18,413 shares, compared to its average volume of 22,925. Pacer Trendpilot US Bond ETF has a one year low of $18.69 and a one year high of $19.95. The stock’s 50-day moving average price is $19.03 and its 200 day moving average price is $19.10.

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.