Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND) Short Interest Up 640.0% in May

Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 7,459 shares, a growth of 640.0% from the April 30th total of 1,008 shares. Based on an average daily trading volume, of 8,056 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.5% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TRND. Retirement Planning Group LLC purchased a new stake in Pacer Trendpilot Fund of Funds ETF in the first quarter valued at $2,206,000. Raymond James Financial Inc. raised its stake in shares of Pacer Trendpilot Fund of Funds ETF by 31.9% during the 2nd quarter. Raymond James Financial Inc. now owns 110,740 shares of the company’s stock valued at $3,537,000 after buying an additional 26,799 shares during the last quarter. Gaddis Premier Wealth Advisors LLC acquired a new position in shares of Pacer Trendpilot Fund of Funds ETF in the 4th quarter valued at about $654,000. Royal Bank of Canada lifted its holdings in shares of 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, Prospera Financial Services Inc boosted its stake in shares of Pacer Trendpilot Fund of Funds ETF by 100.0% in the fourth quarter. Prospera Financial Services Inc now owns 19,397 shares of the company’s stock worth $653,000 after buying an additional 9,700 shares during the last quarter.

Pacer Trendpilot Fund of Funds ETF Trading Up 0.2%

NYSEARCA TRND traded up $0.09 on Friday, hitting $36.96. 1,057 shares of the company’s stock traded hands, compared to its average volume of 3,408. Pacer Trendpilot Fund of Funds ETF has a 1-year low of $30.59 and a 1-year high of $36.97. The firm’s 50-day moving average price is $34.85 and its two-hundred day moving average price is $34.52. The firm has a market capitalization of $59.14 million, a PE ratio of 15.57 and a beta of 0.51.

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.