Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) Short Interest Up 617.9% in March

Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) was the recipient of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 160,528 shares, a growth of 617.9% from the February 26th total of 22,360 shares. Approximately 2.9% of the company’s stock are short sold. Based on an average daily volume of 41,494 shares, the days-to-cover ratio is currently 3.9 days. Based on an average daily volume of 41,494 shares, the days-to-cover ratio is currently 3.9 days. Approximately 2.9% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of PTBD. Geneos Wealth Management Inc. raised its holdings in shares of Pacer Trendpilot US Bond ETF by 17.0% in the second quarter. Geneos Wealth Management Inc. now owns 6,277 shares of the company’s stock worth $124,000 after buying an additional 910 shares during the last quarter. Truist Financial Corp grew its holdings in shares of Pacer Trendpilot US Bond ETF by 5.0% during the fourth quarter. Truist Financial Corp now owns 12,647 shares of the company’s stock valued at $245,000 after buying an additional 603 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in shares of Pacer Trendpilot US Bond ETF by 191.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 14,546 shares of the company’s stock valued at $282,000 after acquiring an additional 9,561 shares during the period. Farther Finance Advisors LLC increased its position in shares of Pacer Trendpilot US Bond ETF by 2,182.1% in the 4th quarter. Farther Finance Advisors LLC now owns 18,919 shares of the company’s stock valued at $367,000 after acquiring an additional 18,090 shares during the period. Finally, ORG Partners LLC raised its stake in Pacer Trendpilot US Bond ETF by 3.2% in 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 last quarter.

Pacer Trendpilot US Bond ETF Price Performance

PTBD stock traded down $0.08 during trading on Tuesday, reaching $18.84. 22,419 shares of the company traded hands, compared to its average volume of 30,124. The business has a 50 day simple moving average of $19.33 and a 200 day simple moving average of $19.53. Pacer Trendpilot US Bond ETF has a 12 month low of $18.78 and a 12 month high of $20.19.

Pacer Trendpilot US Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 25th were issued a $0.1074 dividend. The ex-dividend date was Wednesday, February 25th. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. This is an increase from Pacer Trendpilot US Bond ETF’s previous monthly dividend of $0.06.

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.