Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) Short Interest Up 151.4% in July

Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 47,407 shares, an increase of 151.4% from the July 15th total of 18,859 shares. Currently, 1.1% of the company’s stock are short sold. Based on an average trading volume of 13,213 shares, the short-interest ratio is presently 3.6 days.

Institutional Trading of Pacer Trendpilot US Bond ETF

Several large investors have recently made changes to their positions in the business. Ascentis Independent Advisors purchased a new stake in Pacer Trendpilot US Bond ETF in the first quarter valued at $68,000. Geneos Wealth Management Inc. lifted its holdings 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 buying an additional 910 shares during the period. Kestra Advisory Services LLC boosted its stake in shares of Pacer Trendpilot US Bond ETF by 9.7% in the first quarter. Kestra Advisory Services LLC now owns 11,545 shares of the company’s stock worth $219,000 after buying an additional 1,024 shares during the last quarter. Truist Financial Corp grew its holdings in 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 worth $245,000 after acquiring an additional 603 shares during the period. Finally, Independent Financial Group LLC purchased a new position in Pacer Trendpilot US Bond ETF during the first quarter valued at approximately $267,000.

Pacer Trendpilot US Bond ETF Stock Performance

PTBD opened at $19.19 on Friday. The firm’s 50-day moving average price is $19.12 and its 200-day moving average price is $19.18. Pacer Trendpilot US Bond ETF has a 52-week low of $18.69 and a 52-week high of $20.00.

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.