Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND) Shares Shorted: Short Interest Up 283.7% in October

Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND) was the target of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 1,765 shares, an increase of 283.7% from the October 15th total of 460 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 1,472 shares, the days-to-cover ratio is currently 1.2 days.

Pacer Trendpilot Fund of Funds ETF Stock Performance

Shares of TRND traded down $0.15 during trading hours on Thursday, hitting $36.11. The stock had a trading volume of 2,441 shares, compared to its average volume of 3,419. Pacer Trendpilot Fund of Funds ETF has a fifty-two week low of $30.59 and a fifty-two week high of $39.09. The firm has a 50-day moving average price of $36.63 and a 200 day moving average price of $35.89. The firm has a market capitalization of $61.39 million, a price-to-earnings ratio of 22.48 and a beta of 0.53.

Hedge Funds Weigh In On Pacer Trendpilot Fund of Funds ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. CX Institutional acquired a new position in shares of Pacer Trendpilot Fund of Funds ETF during the 3rd quarter worth approximately $30,000. Harbour Investments Inc. purchased a new stake in shares of Pacer Trendpilot Fund of Funds ETF in the 3rd quarter valued at $53,000. Kestra Advisory Services LLC acquired a new stake in shares of Pacer Trendpilot Fund of Funds ETF during the third quarter worth about $245,000. Royal Bank of Canada boosted its position in Pacer Trendpilot Fund of Funds ETF by 1,244.1% in the 1st quarter. Royal Bank of Canada now owns 17,877 shares of the company’s stock valued at $591,000 after buying an additional 16,547 shares during the period. Finally, Cetera Investment Advisers grew its stake in Pacer Trendpilot Fund of Funds ETF by 13.8% during the 1st quarter. Cetera Investment Advisers now owns 46,911 shares of the company’s stock worth $1,550,000 after purchasing an additional 5,700 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.