Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) Short Interest Up 31.1% in January

Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) was the target of a significant increase in short interest in January. As of January 30th, there was short interest totaling 8,976 shares, an increase of 31.1% from the January 15th total of 6,845 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 35,262 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 35,262 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the company’s stock are sold short.

Pacer Trendpilot US Bond ETF Trading Up 0.1%

Pacer Trendpilot US Bond ETF stock opened at $19.49 on Monday. The stock has a 50-day moving average of $19.45 and a two-hundred day moving average of $19.64. Pacer Trendpilot US Bond ETF has a one year low of $19.30 and a one year high of $20.40.

Pacer Trendpilot US Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, January 26th. Investors of record on Thursday, January 22nd were given a $0.0612 dividend. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Thursday, January 22nd.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc purchased a new position in shares of Pacer Trendpilot US Bond ETF in the second quarter worth $101,000. Geneos Wealth Management Inc. increased its position in shares of Pacer Trendpilot US Bond ETF by 17.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 6,277 shares of the company’s stock valued at $124,000 after acquiring an additional 910 shares during the period. Truist Financial Corp raised its stake 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 worth $245,000 after acquiring an additional 603 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Pacer Trendpilot US Bond ETF by 2,182.1% during the 4th quarter. Farther Finance Advisors LLC now owns 18,919 shares of the company’s stock worth $367,000 after acquiring an additional 18,090 shares during the period. Finally, ORG Partners LLC lifted its position in Pacer Trendpilot US Bond ETF by 3.2% during the 4th quarter. ORG Partners LLC now owns 21,599 shares of the company’s stock worth $419,000 after acquiring an additional 670 shares during the period.

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.