Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND) Short Interest Down 94.1% in June

Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 97 shares, a drop of 94.1% from the May 31st total of 1,638 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 5,558 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of Pacer Trendpilot Fund of Funds ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN acquired a new stake in shares of Pacer Trendpilot Fund of Funds ETF in the fourth quarter valued at $84,000. Kestra Advisory Services LLC acquired a new position in Pacer Trendpilot Fund of Funds ETF during the 4th quarter worth about $183,000. Ausdal Financial Partners Inc. acquired a new position in Pacer Trendpilot Fund of Funds ETF during the 3rd quarter worth about $275,000. Royal Bank of Canada boosted its holdings in Pacer Trendpilot Fund of Funds ETF by 301.4% during the 1st quarter. Royal Bank of Canada now owns 9,735 shares of the company’s stock valued at $313,000 after acquiring an additional 7,310 shares during the period. Finally, Susquehanna International Group LLP boosted its holdings in Pacer Trendpilot Fund of Funds ETF by 85.9% during the 3rd quarter. Susquehanna International Group LLP now owns 15,454 shares of the company’s stock valued at $519,000 after acquiring an additional 7,140 shares during the period.

Pacer Trendpilot Fund of Funds ETF Stock Performance

Shares of Pacer Trendpilot Fund of Funds ETF stock traded down $0.12 on Friday, reaching $36.56. The company had a trading volume of 2,801 shares, compared to its average volume of 3,655. The firm’s 50 day moving average price is $36.17 and its two-hundred day moving average price is $34.92. The firm has a market cap of $58.50 million, a PE ratio of 15.57 and a beta of 0.52. Pacer Trendpilot Fund of Funds ETF has a 52-week low of $30.59 and a 52-week high of $38.00.

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.