Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) Short Interest Up 577.0% in May

Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 50,990 shares, an increase of 577.0% from the April 30th total of 7,532 shares. Based on an average daily trading volume, of 44,618 shares, the days-to-cover ratio is currently 1.1 days. Approximately 1.0% of the company’s stock are sold short.

Hedge Funds Weigh In On Pacer Trendpilot US Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in PTBD. Private Advisor Group LLC lifted its stake in 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 during the last quarter. Maridea Wealth Management LLC purchased a new stake in Pacer Trendpilot US Bond ETF during the first quarter worth approximately $1,208,000. Rockefeller Capital Management L.P. lifted its stake in Pacer Trendpilot US Bond ETF by 191.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 14,546 shares of the company’s stock worth $282,000 after purchasing an additional 9,561 shares during the last quarter. Hyundai Investments Co. Ltd. purchased a new stake in Pacer Trendpilot US Bond ETF during the fourth quarter worth approximately $429,000. Finally, Creative Financial Designs Inc. ADV lifted its stake in Pacer Trendpilot US Bond ETF by 4.8% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 277,610 shares of the company’s stock worth $5,386,000 after purchasing an additional 12,823 shares during the last quarter.

Pacer Trendpilot US Bond ETF Stock Performance

Shares of Pacer Trendpilot US Bond ETF stock traded down $0.02 on Thursday, reaching $19.15. 17,866 shares of the company were exchanged, compared to its average volume of 30,664. Pacer Trendpilot US Bond ETF has a 1-year low of $18.69 and a 1-year high of $20.00. The stock’s 50 day moving average price is $19.12 and its 200-day moving average price is $19.33.

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.