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 the month of March. As of March 13th, there was short interest totaling 6,741 shares, a growth of 35.4% from the February 26th total of 4,980 shares. Based on an average daily trading volume, of 3,373 shares, the short-interest ratio is presently 2.0 days. Currently, 0.4% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN purchased a new stake in shares of Pacer Trendpilot Fund of Funds ETF during the fourth quarter worth approximately $84,000. Kestra Advisory Services LLC acquired a new position in Pacer Trendpilot Fund of Funds ETF in the 4th quarter valued at $183,000. Ausdal Financial Partners Inc. acquired a new position in Pacer Trendpilot Fund of Funds ETF in the 3rd quarter valued at $275,000. Royal Bank of Canada raised its position 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 worth $313,000 after buying an additional 7,310 shares during the last quarter. Finally, Prospera Financial Services Inc purchased a new position in Pacer Trendpilot Fund of Funds ETF during the 3rd quarter worth $326,000.

Pacer Trendpilot Fund of Funds ETF Trading Down 1.1%

Shares of NYSEARCA TRND traded down $0.35 during midday trading on Friday, reaching $32.52. 3,290 shares of the company were exchanged, compared to its average volume of 2,303. The stock has a market cap of $52.03 million, a P/E ratio of 15.57 and a beta of 0.53. Pacer Trendpilot Fund of Funds ETF has a 1 year low of $30.54 and a 1 year high of $35.85. The stock has a fifty day simple moving average of $34.31 and a 200 day simple moving average of $34.10.

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.