Short Interest in Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) Drops By 28.2%

Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) saw a significant drop in short interest during the month of April. As of April 15th, there was short interest totaling 5,784 shares, a drop of 28.2% from the March 31st total of 8,058 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 51,094 shares, the days-to-cover ratio is currently 0.1 days.

Pacer Trendpilot US Bond ETF Stock Performance

Shares of PTBD remained flat at $19.20 on Friday. The company had a trading volume of 8,474 shares, compared to its average volume of 30,154. The business has a 50-day moving average price of $19.16 and a 200 day moving average price of $19.40. Pacer Trendpilot US Bond ETF has a one year low of $18.69 and a one year high of $20.00.

Pacer Trendpilot US Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Wednesday, February 25th were given a dividend of $0.1074 per share. The ex-dividend date of this dividend was Wednesday, February 25th. This is a positive change from Pacer Trendpilot US Bond ETF’s previous monthly dividend of $0.06. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%.

Institutional Trading of Pacer Trendpilot US Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Kestra Advisory Services LLC increased its position in shares of Pacer Trendpilot US Bond ETF by 9.7% during the first quarter. Kestra Advisory Services LLC now owns 11,545 shares of the company’s stock valued at $219,000 after acquiring an additional 1,024 shares during the last quarter. Ascentis Independent Advisors purchased a new stake in Pacer Trendpilot US Bond ETF in the first quarter worth $68,000. Private Advisor Group LLC increased its position in Pacer Trendpilot US Bond ETF by 4.7% in the first quarter. Private Advisor Group LLC now owns 48,324 shares of the company’s stock worth $917,000 after buying an additional 2,164 shares during the last quarter. Maridea Wealth Management LLC purchased a new stake in Pacer Trendpilot US Bond ETF in the first quarter worth $1,208,000. Finally, Rockefeller Capital Management L.P. increased its position in Pacer Trendpilot US Bond ETF by 191.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 14,546 shares of the company’s stock worth $282,000 after buying an additional 9,561 shares during the last quarter.

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.