Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) Stock Short Interest Drops 90.0%

Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) was the recipient of a large drop in short interest in September. As of September 15th, there was short interest totaling 3,509 shares, a drop of 90.0% from the August 31st total of 35,162 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 13,348 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On Pacer Trendpilot US Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. grew its stake in shares of Pacer Trendpilot US Bond ETF by 2.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 63,483 shares of the company’s stock worth $1,217,000 after purchasing an additional 1,651 shares during the last quarter. Hyundai Investments Co. Ltd. boosted its holdings in Pacer Trendpilot US Bond ETF by 91.2% during the second quarter. Hyundai Investments Co. Ltd. now owns 32,008 shares of the company’s stock worth $614,000 after buying an additional 15,265 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in Pacer Trendpilot US Bond ETF by 4.7% during the first quarter. Pacer Advisors Inc. now owns 567,271 shares of the company’s stock worth $10,767,000 after buying an additional 25,360 shares in the last quarter. NewEdge Advisors LLC grew its position in Pacer Trendpilot US Bond ETF by 6.1% in the first quarter. NewEdge Advisors LLC now owns 160,037 shares of the company’s stock worth $3,038,000 after buying an additional 9,194 shares during the last quarter. Finally, Independent Financial Group LLC acquired a new position in Pacer Trendpilot US Bond ETF in the first quarter worth approximately $267,000.

Pacer Trendpilot US Bond ETF Stock Down 0.9%

Shares of PTBD stock traded down $0.16 during mid-day trading on Thursday, hitting $18.58. 14,867 shares of the stock traded hands, compared to its average volume of 22,642. The company’s 50-day simple moving average is $19.00 and its 200-day simple moving average is $19.09. Pacer Trendpilot US Bond ETF has a twelve month low of $18.56 and a twelve month high of $19.92.

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.