Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) Sees Significant Decline in Short Interest

by · The Cerbat Gem

Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD – Get Free Report) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 6,819 shares, a drop of 69.7% from the December 15th total of 22,488 shares. Based on an average trading volume of 53,927 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 53,927 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Pacer Trendpilot US Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Perigon Wealth Management LLC grew its holdings in shares of Pacer Trendpilot US Bond ETF by 5.1% in the 2nd quarter. Perigon Wealth Management LLC now owns 44,164 shares of the company’s stock worth $872,000 after acquiring an additional 2,126 shares during the period. ORG Wealth Partners LLC boosted its position in Pacer Trendpilot US Bond ETF by 6.7% during the second quarter. ORG Wealth Partners LLC now owns 51,400 shares of the company’s stock worth $1,014,000 after purchasing an additional 3,205 shares in the last quarter. Morey & Quinn Wealth Partners LLC grew its holdings in Pacer Trendpilot US Bond ETF by 20.7% in the second quarter. Morey & Quinn Wealth Partners LLC now owns 16,069 shares of the company’s stock valued at $317,000 after purchasing an additional 2,760 shares during the last quarter. IFP Advisors Inc purchased a new position in shares of Pacer Trendpilot US Bond ETF in the second quarter valued at $101,000. Finally, ODonnell Financial Services LLC increased its position in shares of Pacer Trendpilot US Bond ETF by 2.4% in the second quarter. ODonnell Financial Services LLC now owns 335,578 shares of the company’s stock valued at $6,628,000 after buying an additional 7,995 shares in the last quarter.

Pacer Trendpilot US Bond ETF Stock Performance

Shares of PTBD traded up $0.03 during trading hours on Tuesday, reaching $19.48. The company had a trading volume of 14,497 shares, compared to its average volume of 45,321. Pacer Trendpilot US Bond ETF has a 12-month low of $19.30 and a 12-month high of $20.40. The firm has a 50 day simple moving average of $19.51 and a 200-day simple moving average of $19.68.

About Pacer Trendpilot US Bond ETF

(Get Free Report)

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.

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