Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) Short Interest Update

Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 47,407 shares, an increase of 151.4% from the July 15th total of 18,859 shares. Currently, 1.1% of the shares of the stock are sold short. Based on an average trading volume of 13,213 shares, the short-interest ratio is currently 3.6 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. acquired a new position in Pacer Trendpilot US Bond ETF during the 4th quarter worth about $1,809,000. Jane Street Group LLC increased its position in Pacer Trendpilot US Bond ETF by 120.4% in the 4th quarter. Jane Street Group LLC now owns 132,132 shares of the company’s stock valued at $2,563,000 after acquiring an additional 72,172 shares in the last quarter. Maridea Wealth Management LLC acquired a new stake in Pacer Trendpilot US Bond ETF in the 1st quarter valued at about $1,208,000. Wealthspire Retirement LLC bought a new position in shares of Pacer Trendpilot US Bond ETF in the fourth quarter worth about $567,000. Finally, Pacer Advisors Inc. raised its stake in shares of Pacer Trendpilot US Bond ETF by 4.7% in the first quarter. Pacer Advisors Inc. now owns 567,271 shares of the company’s stock worth $10,767,000 after acquiring an additional 25,360 shares during the last quarter.

Pacer Trendpilot US Bond ETF Stock Down 0.2%

PTBD stock opened at $19.16 on Friday. The business has a fifty day moving average price of $19.12 and a 200 day moving average price of $19.18. Pacer Trendpilot US Bond ETF has a fifty-two week low of $18.69 and a fifty-two week high of $20.00.

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.