Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) Shares Shorted: Short Interest Up 183.1% in September

Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 9,933 shares, a growth of 183.1% from the September 15th total of 3,509 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 16,932 shares, the days-to-cover ratio is currently 0.6 days.

Pacer Trendpilot US Bond ETF Price Performance

PTBD stock traded down $0.05 during mid-day trading on Tuesday, reaching $18.40. 20,965 shares of the stock traded hands, compared to its average volume of 23,939. The stock’s fifty day moving average is $18.84 and its 200-day moving average is $19.03. Pacer Trendpilot US Bond ETF has a 52-week low of $18.32 and a 52-week high of $19.83.

Institutional Trading of Pacer Trendpilot US Bond ETF

Several large investors have recently added to or reduced their stakes in PTBD. Maridea Wealth Management LLC acquired a new position in shares of Pacer Trendpilot US Bond ETF in the first quarter worth $1,208,000. Pacer Advisors Inc. grew its stake in Pacer Trendpilot US Bond ETF by 4.7% in the first quarter. Pacer Advisors Inc. now owns 567,271 shares of the company’s stock valued at $10,767,000 after purchasing an additional 25,360 shares in the last quarter. Hyundai Investments Co. Ltd. acquired a new position in Pacer Trendpilot US Bond ETF in the 4th quarter worth about $429,000. Independent Financial Group LLC acquired a new position in Pacer Trendpilot US Bond ETF in the 1st quarter worth about $267,000. Finally, Rockefeller Capital Management L.P. increased its position in 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 worth $282,000 after purchasing 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.