Short Interest in Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND) Increases By 433.1%

Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND) was the target of a large growth in short interest in December. As of December 15th, there was short interest totaling 9,105 shares, a growth of 433.1% from the November 30th total of 1,708 shares. Based on an average daily trading volume, of 3,563 shares, the days-to-cover ratio is presently 2.6 days. Approximately 0.6% of the shares of the company are short sold. Approximately 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 3,563 shares, the days-to-cover ratio is presently 2.6 days.

Pacer Trendpilot Fund of Funds ETF Stock Down 0.1%

Pacer Trendpilot Fund of Funds ETF stock traded down $0.02 during mid-day trading on Friday, hitting $34.79. 2,529 shares of the company’s stock traded hands, compared to its average volume of 7,603. Pacer Trendpilot Fund of Funds ETF has a one year low of $30.54 and a one year high of $34.82. The firm has a 50 day moving average price of $34.10 and a 200 day moving average price of $33.09. The company has a market cap of $55.66 million, a PE ratio of 15.57 and a beta of 0.53.

Hedge Funds Weigh In On Pacer Trendpilot Fund of Funds ETF

A number of institutional investors and hedge funds have recently bought and sold shares of TRND. Susquehanna International Group LLP raised its stake in shares of Pacer Trendpilot Fund of Funds ETF by 85.9% in the 3rd quarter. Susquehanna International Group LLP now owns 15,454 shares of the company’s stock worth $519,000 after buying an additional 7,140 shares in the last quarter. Ausdal Financial Partners Inc. bought a new stake in shares of Pacer Trendpilot Fund of Funds ETF in the 3rd quarter worth approximately $275,000. Raymond James Financial Inc. lifted its stake in Pacer Trendpilot Fund of Funds ETF by 1.4% during the third quarter. Raymond James Financial Inc. now owns 112,340 shares of the company’s stock valued at $3,774,000 after purchasing an additional 1,600 shares during the last quarter. Prospera Financial Services Inc bought a new stake in Pacer Trendpilot Fund of Funds ETF during the third quarter worth approximately $326,000. Finally, Bank of America Corp DE boosted its holdings in Pacer Trendpilot Fund of Funds ETF by 1.6% during the second quarter. Bank of America Corp DE now owns 184,012 shares of the company’s stock worth $5,877,000 after buying an additional 2,939 shares in the last quarter.

About Pacer Trendpilot Fund of Funds ETF

The Pacer Trendpilot Fund of Funds ETF (TRND) is an exchange-traded fund that is based on the Pacer Trendpilot Fund of Funds index. TRND, a fund of funds, provides exposure to large- and mid-cap companies in developed markets including the US. Its underlying funds use momentum to toggle to cash at 50% or 100%. TRND was launched on May 3, 2019 and is managed by Pacer.