Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND) Short Interest Down 78.0% in May

Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 1,638 shares, a decline of 78.0% from the May 14th total of 7,459 shares. Based on an average trading volume of 5,440 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Pacer Trendpilot Fund of Funds ETF Trading Down 0.2%

Shares of NYSEARCA:TRND opened at $36.22 on Wednesday. Pacer Trendpilot Fund of Funds ETF has a 12-month low of $30.59 and a 12-month high of $38.00. The company has a market capitalization of $57.95 million, a PE ratio of 15.57 and a beta of 0.52. The business has a 50 day moving average of $35.36 and a two-hundred day moving average of $34.67.

Institutional Inflows and Outflows

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 during the 4th quarter valued at about $84,000. Kestra Advisory Services LLC acquired a new stake in shares of Pacer Trendpilot Fund of Funds ETF during the 4th quarter valued at about $183,000. Ausdal Financial Partners Inc. acquired a new stake in shares of Pacer Trendpilot Fund of Funds ETF during the 3rd quarter valued at about $275,000. Royal Bank of Canada grew its position in shares of 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, Prospera Financial Services Inc acquired a new stake in shares of Pacer Trendpilot Fund of Funds ETF during the 3rd quarter valued at about $326,000.

Pacer Trendpilot Fund of Funds ETF Company Profile

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.