Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND) Short Interest Update

Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totaling 2,053 shares, a growth of 2,016.5% from the June 15th total of 97 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 3,869 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On Pacer Trendpilot Fund of Funds ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN purchased a new stake in shares of Pacer Trendpilot Fund of Funds ETF during the 4th quarter worth $84,000. Kestra Advisory Services LLC purchased a new position in Pacer Trendpilot Fund of Funds ETF in the fourth quarter valued at $183,000. Ausdal Financial Partners Inc. acquired a new stake in Pacer Trendpilot Fund of Funds ETF in the third quarter valued at $275,000. Royal Bank of Canada raised its stake in Pacer Trendpilot Fund of Funds ETF by 301.4% in the first quarter. Royal Bank of Canada now owns 9,735 shares of the company’s stock valued at $313,000 after buying an additional 7,310 shares in the last quarter. Finally, Susquehanna International Group LLP lifted 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 worth $519,000 after buying an additional 7,140 shares during the last quarter.

Pacer Trendpilot Fund of Funds ETF Price Performance

Shares of TRND stock traded up $0.08 during trading on Friday, reaching $36.93. The company’s stock had a trading volume of 91 shares, compared to its average volume of 3,478. The company has a market capitalization of $62.78 million, a price-to-earnings ratio of 15.57 and a beta of 0.52. The stock’s 50-day moving average price is $36.56 and its 200 day moving average price is $35.09. Pacer Trendpilot Fund of Funds ETF has a 1-year low of $30.59 and a 1-year 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.