Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND) Short Interest Down 44.1% in December

Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 5,094 shares, a drop of 44.1% from the December 15th total of 9,105 shares. Based on an average daily volume of 3,070 shares, the short-interest ratio is currently 1.7 days. Currently, 0.3% of the shares of the company are short sold. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 3,070 shares, the short-interest ratio is currently 1.7 days.

Institutional Trading of Pacer Trendpilot Fund of Funds ETF

A number of hedge funds have recently added to or reduced their stakes in TRND. Stratos Wealth Partners LTD. acquired a new position in shares of Pacer Trendpilot Fund of Funds ETF in the second quarter valued at approximately $358,000. Napa Wealth Management lifted its holdings in shares of Pacer Trendpilot Fund of Funds ETF by 306.6% during the second quarter. Napa Wealth Management now owns 79,709 shares of the company’s stock worth $2,546,000 after purchasing an additional 60,104 shares during the period. Envestnet Asset Management Inc. grew its position in Pacer Trendpilot Fund of Funds ETF by 3.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 11,992 shares of the company’s stock valued at $383,000 after buying an additional 442 shares during the last quarter. Cetera Investment Advisers grew its position in Pacer Trendpilot Fund of Funds ETF by 19.3% in the 2nd quarter. Cetera Investment Advisers now owns 30,474 shares of the company’s stock valued at $973,000 after buying an additional 4,927 shares during the last quarter. Finally, Prospera Financial Services Inc acquired a new position in Pacer Trendpilot Fund of Funds ETF in the 3rd quarter valued at $326,000.

Pacer Trendpilot Fund of Funds ETF Price Performance

Shares of NYSEARCA:TRND traded up $0.12 on Thursday, reaching $34.54. The company’s stock had a trading volume of 1,011 shares, compared to its average volume of 2,611. Pacer Trendpilot Fund of Funds ETF has a 52-week low of $30.54 and a 52-week high of $35.85. The stock has a market capitalization of $55.26 million, a P/E ratio of 15.57 and a beta of 0.53. The stock’s 50-day moving average is $34.17 and its two-hundred day moving average is $33.39.

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.